India plans to merge four PSUs with similar CPSEs

The Indian finance ministry plans to merge Hindustan Prefab, Engineering Projects (India), HSCC (India) and National Projects Construction Corporation with similarly placed CPSEs. The move follows the 2017-18 Budget proposal on PSU mergers.

“the finance ministry wants to merge four PSUs -- Hindustan Prefab, Engineering Projects (India) Ltd, HSCC (India) Ltd and National Projects Construction Corporation -- with similarly-placed CPSEs.”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comGovt plans strategic sale of 3 PSUs, merger of 4 - Times of IndiaFeb 3, 2017

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