Govt invites bids for the strategic disinvestment of PDIL, HLL Lifecare Ltd

The last date for submission of the bids is January 31 for both the government-run entities.

"GoI invites Expression of Interest (EoI) for Strategic Disinvestment/Privatisation of Projects & Development India Limited (PDIL). Last date for receiving EoIs:31.01.2022," DIPAM said in a tweet.

PDIL is a Miniratna Category-1 public sector undertaking under the administrative control of Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.

It works in the areas of engineering and consultancy services in design, engineering and related project execution services from concept to commissioning of various projects.

According to the financial results-ended March 30, 2021, the company recorded revenue of Rs 142.17 crore and net profit of Rs 31.83 crore. Its paid up capital Rs 17.30 crore.

The HLL is a Miniratna PSU under the administrative control of the Union Health Ministry. It was incorporated in the year 1966 under Companies Act, 1956, and is fully owned by the Government of India.

"GoI invites Expression of Interest (EoI) for Strategic Disinvestment/Privatisation of HLL Lifecare Limited (HLL). Last date for receiving EoIs:31.01.2022," Department of Investment and Public Asset Management (DIPAM) said in another tweet.

DIPAM also informed through a tweet that the government has received about Rs 188 crore, Rs 370 crore and Rs 58 crore from NALCO, Power Finance Corporation and Cochin Shipyard Ltd as dividend tranches.

In the year 2021-22, till now, the government has obtained Rs 9,329.90 crore by divesting stakes in Central Public Sector Enterprises (CPSEs) and SUUTI (Specified Undertaking of the Unit Trust of India).

Further, the process of privatisation of BPCL, Pawan Hans, BEML, Shipping Corp of India (SCI), Neelachal Ispat Nigam Ltd and RINL is underway.

The Budget for 2021-22 has set a disinvestment target of Rs 1.75 lakh crore.

Of this, Rs 1 lakh crore will come from selling government stakes in public sector banks and state-owned financial institutions and the remaining Rs 75,000 crore will come as CPSE disinvestment receipts.