[vc_row][vc_column][vc_column_text]
The government will sell 5% stake in Container Corporations of India (Concor) at a minimum price of Rs 1,195 a piece, to garner Rs 1,165 crore. However, the disinvestment – including the seventh one of Concor in the current financial year, will fall short of the revised disinvestment target of Rs 25,000 crore, making it the sixth consecutive year of deficit.
The government has already raised over Rs 18,000 crore through stake sale in six public sector units – Indian Oil (IOC), NTPC, EIL, PFC, REC and Dredging Corporation. In the revised estimates, the government had lowered the disinvestment target for current fiscal to Rs 25,000 crore from the budgeted Rs 41,000 crore. The company provides logistics support such as inland container depots, container terminals, transportation by rail and road, warehousing, storage and other value added solutions. The government holds 61.8% stake in the rail container company which is under the administrative control of the Railways ministry.
[/vc_column_text][/vc_column][/vc_row]
