PDIL sale: Bid deadline pushed to Feb 28

The authorities has prolonged by a couple of month until February 28 the deadline for potential patrons of PDIL to submit EoI.
The Department of Investment and Public Asset Management (DIPAM) had on December 14 invited preliminary bids for promoting the federal government’s 100 per cent stake within the CPSE which is beneath the Ministry of Chemicals and Fertilisers.
Earlier, the final date for submitting expression of curiosity (EoI) was January 31. In view of the prevailing state of affairs arising out of the COVID-19 pandemic and on the request of the bidders, the late date for submission of EoIs is prolonged to February 28, DIPAM stated in a discover on its web site.
As of March 31, 2021, Projects & Development India Ltd (PDIL) has paid-up fairness share capital of Rs 17.30 crore, income of 129.68 crore and web revenue of Rs 19.07 crore. PDIL was integrated on March 7, 1978 and is engaged in offering engineering and consultancy providers in design engineering and associated challenge execution providers from idea to commissioning of assorted initiatives.
(With PTI inputs)