New Delhi, Oct 13 (PTI) The government today invited bidsfrom EIL or other similarly placed PSUs to buy out its 100 percent shareholding in consultancy firm PDIL.
Miniratna PSU Projects & Development India Ltd (PDIL) isunder the administrative control of Chemical and FertilizersMinistry.
"The Government of India has 'in-principle' decided todisinvest 100 per cent of its shareholding in PDIL throughstrategic disinvestment with transfer of management controlto Engineers India Ltd (EIL) or other similar Central PublicSector Enterprises (CPSEs)," said the Preliminary InformationMemorandum inviting Expression of Interest.
Expression of Interest for PDIL buyout would have to besent by November 9.
The Government has also decided to hive-off all thethree divisions/units (Catalyst Plant, EnvironmentalEngineering and Research & Development) located at Sindri landalong with all the infrastructure and it will not be offeredas part of the transaction.
As of March 2017, the paid up capital of PDIL is Rs 17crore. As of September 2017, PDIL has 363 permanent and 116contractual employees. PTI JDMR.
This is unedited, unformatted feed from the Press Trust of India wire.