(BS)
The Cabinet Committee on Economic Affairs on Wednesday approved the listing of 11 public sector undertakings, including five railway subsidiaries — Ircon International, Indian Railway Catering and Tourism Corporation (IRCTC), Rail Vikas Nigam, Indian Railway Finance Corporation (IRFC) and RITES Ltd.
The plan to list railway subsidiaries IRCTC and IRFC was mooted by Finance Minister Arun Jaitley in the Budget. The Department of Public Asset Management (Dipam) has already initiated the process to fix a consultant for the listing of these two companies.The non-railway companies approved for listing are Bharat Dynamics (BDL), Garden Reach Shipbuilders & Engineers (GRSE), Mazagon Dock Shipbuilders (MDSL), North Eastern Electric Power Corporation (NEEPCO), MSTC Ltd and Mishra Dhatu Nigam (MIDHANI).
