The Indian government has confirmed that it is planning to sell off non-operational units of Cement Corporation of India (CCI).
In a written reply to a question from the Rajya Sabha, the lower house of the Indian Parliament, the Minister of State for Heavy Industries and Public Enterprises, Babul Supriyo, said that divestment of the non-operating units would form the first part of the strategic divestment of CCI.
The minister added that five units had been identified for divestment: Mandhar, Kurkunta, Bhatinda, Nayagaon, Charkhi, and Dadri.
“The units being considered under divestment at present are closed and workers are not there,” said Supriyo. “The amount expected as sales proceeds shall be known after asset valuation and non-operating units.
Read the article online at: https://www.worldcement.com/indian-subcontinent/17032017/indian-government-to-sell-cci-units/