Thursday, July 2, 2009

Govt planning Cochin Shipyard IPO

The Shipping Ministry has said the Government would consider divestment in Shipping Corporation and was planning IPO (initial public offering) of Cochin Shipyard, reports CNBC-TV18 quoting NewsWire18.

The Ministry added that awarding six port projects was under the government's 100-day agenda and that the six planned port projects would cost Rs 3,320 crore.

Shipping Corp would buy 32 ships in FY10, the Shipping Secretary said.

Source : Moneycontrol.com

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