Cabinet Approves Strategic Disinvestment of 100% Govt. of India’S Equity in the (DCIL) (Download PDF)

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CCEA has approved strategic disinvestment of 100 % GoI’s shares in Dredging Corporation of India Limited (DCIL) to consortium of 4 ports. Presently, Central Govt. holds 73.44 % shares in Dredging Corporation of India Limited (DCIL).

Image of The Dredging

Image of The Dredging

Image of The Dredging

Consortium of 4 ports consists of:

  • Vishakhapatnam Port Trust (Andhra Pradesh)

  • Paradeep Port Trust (Odisha)

  • Jawahar Lal Nehru Port Trust (Maharashtra)

  • Kandla Port Trust (Gujarat)

Govt. ‘s divestment target for fiscal 2018 - 19 was Rs. 80,000 cr. & so far it has garnered over Rs. 15,000 cr. from PSU stake sales.

Significance of Strategic Disinvestment

  • Strategic sale of DCIL will further facilitate linkage of dredging activities w/ports, keeping in view role of DCIL in expansion of dredging activity in country as well as potential scope for diversification of ports into 3rd party dredging.

  • Co-sharing of facilities b/w Company as well as ports shall lead to savings for ports.

  • This will provide opportunities for larger investment in DCIL as integration w/ports shall help ineffective vertical linkage in value chain.

Dredging Corporation of India Limited (DCIL)

  • Established in – 1976

  • Headquarter – Visakhapatnam, Andhra Pradesh

  • It is mini-ratna public sector unit (PSU) engaged in business of dredging.

  • It does dredging for Indian seaports exclusively.

  • It is involved in capital dredging, beach nourishment & land reclamation.

  • Almost all maintenance dredging in Indian seaports is carried out by DCI.

  • It occasionally dredges at foreign seaports in countries such as Sri Lanka, Taiwan & Dubai.

- Published/Last Modified on: December 20, 2018

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