The federal government has laid down eligibility situations for the bidders to take part within the course of.

The Union authorities has obtained a number of expressions of curiosity (EoIs) from potential patrons for its 100% stake in Tasks & Improvement India (PDIL).

“A number of expressions of curiosity obtained for privatisation of Tasks & Improvement India Restricted (PDIL). The transaction strikes forward to the following stage,” Division of Funding & Public Asset Administration secretary Tuhin Kanta Pandey tweeted. The federal government had appointed Resurgent India as transaction advisor for PDIL.

PDIL is a part of the 17 ongoing transactions being processed by DIPAM. PDIL is an engineering and consultancy companies supplier, and it reported a internet revenue of Rs 19 crore and revenues of Rs130 crore in FY21.

The privatisation will undergo a two-stage course of: Shortlisting certified bidders from EoIs within the first section and monetary bids from them within the second stage. The federal government has laid down eligibility situations for the bidders to take part within the course of.

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