Note on capital restructuring of DCI being prepared
- | Monday | 16th July, 2018
Jana Sena president Pawan Kalyan and others met the DCI employees and expressed their support to their fight against total disinvestment of the profit-making company. Madhav said it was their party which felt that the DCI should be retained as a PSU in larger public interest. Chief Minister N. Chandrababu Naidu also wrote a letter to the Centre asking it to shelve strategic sale of the DCI. Sources in the Ministry of Shipping told The Hindu that a note is being prepared for submission to the Union Cabinet on the offers submitted by major ports at Visakhapatnam, New Mangalore and Paradeep to pick equity in the DCI. Profit marginEven after the employees’ morale was at the ebb over fears of insecurity as a fallout of the move to privatise the company, DCI performed well during 2017-18 fiscal by improving its profit margin.
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