Displaying items by tag: Ministry of Heavy Industries
Government reveals more detail on plan to sell non-operational units of Cement Corporation of India
17 March 2017India: Babul Supriyo, the Minister of State for Heavy Industries and Public Enterprises, has revealed that the government is planning to sell five plants in the first phase of its divestment of non-operational units of the Cement Corporation of India (CCI). In a letter to the Indian parliament he said that plants at Mandhar, Kurkunta, Bhatinda, Nayagaon and Charkhi Dadri would be sold first, according to the Press Trust of India. However, legal issues at Delhi Grinding Unit (DGU), Adilabad and Akaltaraneed need to be resolved before these plants can be sold. No value for the sale has been set yet as the plants have not been valued.
Government to sell shuttered Cement Corporation of India first
16 January 2017India: The Ministry of Heavy Industries is planning to sell seven non-operational plants of the Cement Corporation of India (CCI) as part of the first phase of a scheme to sell the state-owned cement producer. However, due to on-going legal issues at some of the units the ministry wants to sell them in a piecemeal fashion or even individually, according to the Press Trust of India. The CCI operates 10 units of which seven are non-operational. The federal cabinet of India granted gave in-principle approval for the sale of certain state-owned companies in October 2016.