The Indian government is mulling the possibility of merging Dredging Corp of India (DCI) into Cochin Shipyard.
The BTVI TV channel cited sources as saying a plan to sell off the shipowner is being reconsidered.
"The shipping ministry may shelve its earlier plans for strategic disinvestment of Dredging Corporation of India and is instead considering the possibility of merging the two PSU [public sector undertaking] companies," BTVI said.
