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India: Rail Ministry to keep 51 pc in RailTel.
NEW DELHI, May 22. THE Group of Ministers (GoM) today gave the go-ahead to the Railway Ministry to retain 51 per cent equity stake in RailTel and divest the balance 49 per cent to prospective joint venture partners.
Telecom PSUs including VSNL, MTNL and BSNL along with the Railways' own PSUs such as IRCON, Rites and Concor are likely to be inducted initially. Strategic tie-ups with private partners will be considered at a later stage.
The recommendations of the GoM, chaired by the Finance Minister, Mr Yashwant Sinha, will now be forwarded to the Union Cabinet for approval.
RailTel was constituted last year as a 100 per cent Railway-owned company …
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