Centre signs agreement for sale of Kamarajar Port, THDC and NEEPCO
As the Corona Virus epidemic force a three-week countrywide lockdown disrupting travel, the Central government has resorted to “virtual signing” to conclude strategic sales in Kamarajar Port Ltd, THDC India Ltd and North Eastern Electric Power Corporation Limited (NEEPCO). The Centre will receive Rs 13,500 crore from the three deals.
On Wednesday, the Department of Investment and Public Asset Management (DIPAM), signed a share purchase agreement to sell the Central government’s 67 per cent stake in Kamarajar Port Ltd to Chennai Port Trust for Rs2,383 crore, at least two officials briefed on the development said.
BusinessLine first reported the deal on March 21.
