Govt to hive off non-operational units of CCI
The Centre has initiated the process for strategic disinvestment of non-operating units of Cement Corporation of India (CCI). "The mode of sale shall be as per the guidelines of Department of Investment and Public Asset Management (DIPAM).
The amount expected as sale proceeds shall be known after asset valuation of non-operating units," Minister of State in the Ministry of Heavy Industries and Public Enterprises, Babul Supriyo said in a written reply in the Rajya Sabha. As per CCI, its non-operating units are to be disinvested first as a part of strategic disinvestment.