(a) whether the Government have decided to sell the three units of Indian Petrochemicals Limited (IPCL) at Vadodara, Gandhar and Negothane through international competitive bidding; and
(b) if so, the details thereof alongwith the reasons therefor?
(a) whether the Government have decided to sell the three units of Indian Petrochemicals Limited (IPCL) at Vadodara, Gandhar and Negothane through international competitive bidding; and
(b) if so, the details thereof alongwith the reasons therefor?
THE MINISTER OF STATE OF THE MINISTRY OF PLANNING, PROGRAMME IMPLEMENTATION, ADMINISTRATIVE REFORMS, PUBLIC GRIEVANCES AND DISINVESTMENT (SHRI ARUN SHOURIE)
(a)&(b) The Government has in partial modification of the previous decision in the matter of disinvestment of Indian Petrochemicals Corporation Limited (IPCL), decided that the Vadodara plant of IPCL, which has synergies with Gujarat Refinery of Indian Oil Corporation Limited will, after proper valuation, be transferred to the Indian Oil Corporation Ltd. The rest of IPCL will, as decided earlier, be disinvested through strategic sale of 25% equity.