From TCIL to RCIL, Cabinet okays listing of seven PSUs on stock exchanges

TCIL, RCIL, NSC, THDCL, WAPCOS and FAGM will be taken public through the initial public offering, while KIOC will be made public through the follow-on public offer (FPO) route

The Cabinet Committee on Economic Affairs (CCEA) on Friday approved the listing of seven public sector undertakings (PSUs) on the stock exchanges. These companies are Telecommunications Consultants India (TCIL), RailTel Corporation India (RCIL), National Seeds Corporation (NSC), Tehri Hydro Development Corporation (THDCL), Water and Power Consultancy Services (WAPCOS), FCI Aravali Gypsum and Minerals (FAGM), and Kudremukh Iron Ore Company (KIOC).

 TCIL, RCIL, NSC, THDCL, WAPCOS and FAGM will be taken public through an initial public offering (IPO), while KIOC will be made public through the follow-on public offer (FPO) route, Law and Information Technology Minister Ravi Shankar Prasad said on Friday.