Cabinet Panel Approves Listing Of Five State-Run Railway Companies

Cabinet Panel Approves Listing Of Five State-Run Railway Companies

The Cabinet Committee on Economic Affairs (CCEA) approved (मंजूर की) the listing of eleven central public sector enterprises (CPSEs) including five state-run railway subsidiaries(सहायक कंपनियों), and

three under the ministry of defence in order to abide by the mandate of 25 percent mandated (अनिवार्य) shareholding(शेयरधारिता) in companies.

The list of railway subsidiaries includes Indian Railway Catering and Tourism Corporation Ltd. (IRCTC), Rail Vikas Nigam Ltd, IRCON International Ltd., Indian Railway Finance Corp. Ltd., and RITES Ltd., the Press Information Bureau (PIB) said in a statement on Wednesday.

Finance Minister Arun Jaitley in his Union Budget 2017-18 speech in February had announced the government’s intention (इरादा) to list railway PSUs.

The other units cleared for listing include three under the defence ministry – Bharat Dynamics Ltd., Garden Reach Shipbuilders and Engineers Ltd. and Mazagon Dock Shipbuilders Ltd. – two under the steel ministry – MSTC Ltd. and Mishra Dhatu Nigam Ltd. – and North Eastern Electric Power Corporation Ltd under the power ministry.