A holding company to take over most of the Railway's public sector units will be formed soon, Railway Minister Suresh Prabhu said at the General Manager's conference in New Delhi on Thursday.
On December 3, SBI Caps had made a presentation to the Railway Board suggesting a holding company of all Railway public sector units. The Railways has several public sector units of which only one is a listed entity - Container Corporation of India. The others include Ircon, RITES, Railtel, and IRFC. Holding companies are usually formed to capture value. "This year's targets not only have to be met but have to be exceeded," Prabhu said.
Readers' Choice
The Bengal Fracture: How BJP Scripts Making Mamata Politically Redundant
FIR lodged against ex-Rera chief Baldi on former CS Gupta’s complaint
L K Atheeq appointed Financial Advisor to Karnataka CM; T G Nath Add CS
Former Himachal Pradesh CS Appointed Chairperson of PSERC
K K Pant gets additional charge of Himachal Chief Secretary
Rly PSUs holding company soon
By IndianMandarins - 2016-07-29 08:05:21
A holding company to take over most of the Railway's public sector units will be formed soon, Railway Minister Suresh Prabhu said at the General Manager's conference in New Delhi on Thursday.
On December 3, SBI Caps had made a presentation to the Railway Board suggesting a holding company of all Railway public sector units. The Railways has several public sector units of which only one is a listed entity - Container Corporation of India. The others include Ircon, RITES, Railtel, and IRFC. Holding companies are usually formed to capture value. "This year's targets not only have to be met but have to be exceeded," Prabhu said.
