Govt planning Cochin Shipyard IPO: Shipping Min

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Govt planning Cochin Shipyard IPO: Shipping Min

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

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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.