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The Government has decided to sell off its entire public stake in Dredging Corporation of India Ltd. (DCIL). This decision aims to upgrade technology, improve capability, infuse capital to buy necessary dredgers/equipments and instill experienced professional management to optimize operations of the DCIL. The Department of Investment and Public Asset Management (DIPAM) has obtained approval of the Government to disinvest 100% Government of India Equity in DCIL in one go through two-stage auction process, with the advice of the Transaction Advisor.
This information was given by the Minister of State for Road Transport and Highways, Shipping and Chemical & Fertilizers Shri Mansukh L Mandaviya in a written reply in Rajya Sabha today.
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