Govt Invites Global Bids for Divestment of PDIL

The Government of India ("Gol) intends to disinvest 100% equity shareholding of the Gol in Projects & Development India Limited (PDIL) through strategic sale with transfer of management control. 

Govt Invites Global Bids for Divestment of PDIL

The Government of India ("Gol) intends to disinvest 100% equity shareholding of the Gol in Projects & Development India Limited (PDIL) through strategic sale with transfer of management control. 

PDIL is an ISO 45001:2018 and ISO/IEC 17020:2012 certified public sector undertaking, under the administrative control of Department of Fertilizers, Ministry of Chemicals & Fertilizers.

PDIL was incorporated on March 7, 1978 and is engaged, inter alia, in providing engineering and consultancy services in design engineering and related project execution services from concept to commissioning of various projects. 

Gol has appointed Resurgent India Limited as its transaction adviser to advise and manage the Strategic Disinvestment Process.

The Gol seeks Expression of Interest (Eol) from the interested parties for acquisition of 100% equity shares of PDIL. The disinvestment process is to be implemented through physical open competitive bidding route.

Accordingly, Eols are invited at the address mentioned below up to 03.00 PM (Indian Standard Time) on or before 31.01.2022 A copy of PIM and invitation of EOI can be downloaded from www.resurgentindia.com