- News>
- Companies & Commodities
CCD to decide on IPCL disinvestment
The Central Government is to select the bidder who would acquire government`s 26 per cent stake in Indian Petrochemicals Corporation Limited (IPCL). The core group of secretaries on Disinvestment have already met on Friday to make a final assessment of the various bids.
The Central Government is to select the bidder who would acquire government's 26 per cent stake in Indian Petrochemicals Corporation Limited (IPCL). The core group of secretaries on Disinvestment have already met on Friday to make a final assessment of the various bids.
A decision, however, is likely only this evening at the meeting of the Cabinet Committee for Disinvestment headed by Prime Minister Vajpayee.
According to sources, with the most aggressive bid Reliance Industries is the frontrunner for bagging the deal, which is crucial to its interests, as this deal will give it more than 80 per cent of the market share in petrochemicals. The public sector Indian Oil Corporation (IOC) and the detergent makers Nirma are also in the race. Bureau Report
A decision, however, is likely only this evening at the meeting of the Cabinet Committee for Disinvestment headed by Prime Minister Vajpayee.
According to sources, with the most aggressive bid Reliance Industries is the frontrunner for bagging the deal, which is crucial to its interests, as this deal will give it more than 80 per cent of the market share in petrochemicals. The public sector Indian Oil Corporation (IOC) and the detergent makers Nirma are also in the race. Bureau Report