The government has proposed sale of four non-operating units of Cement Corporation of India (CCI) which may fetch over Rs 1,300 crore.
CCI,which was set up in 1965,comes under the ministry of heavy industries and public enterprises. The government has 100 per cent shareholding in the public sector unit.
In total,the company has 10 units out of which 7 are non-functional.
Cement Corporation of India has started the sale process as it has invited expression of interest for outright sale of 4 non-operational units. The sale would be done through an e-auction process, an official said.