RAJYA SABHA
Government has invited Expression
of Interests (EOI) for the sale of 51 per cent stake in Fertilizers
and Chemicals Travancore Ltd. (FACT).
The prospective bidders
should have a combined Net Worth in excess of Rs.200 crore as
well as Sales in excess of Rs.600 crore as per the annual accounts
of financial year 2001-02. In case of a consortium bid, the financial
parameters of the lead bidder must be at least 51 per cent of
the amount indicated above.
As on 31.3.2002,
the fixed assets of FACT as per audited accounts are Rs.781.22
crore and the net current assets, as on 30.9.2002, are Rs.306.93
crore.
This information
was given by the Minister of State for Chemicals & fertilizers,
Shri Tapan Sikdar, in a written reply to a question in the Rajya
Sabha today
