India: 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 reveals more detail on plan to sell non-operational units of Cement Corporation of India
Written by Global Cement staff
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