Govern­ment in­vites bids from CPSES for buy­ing NPCC, HSCC, EPI

Mint ST - - CORPORATE -

New Delhi: The govern­ment has in­vited bids from cen­tral pub­lic sec­tor en­ter­prises (CPSES) for buy­ing its en­tire share­hold­ing in con­sul­tancy firms Na­tional Projects Construction Corp. Ltd (NPCC), Hospi­tal Ser­vices Con­sul­tancy Corp. Ltd (HSCC) and En­gi­neer­ing Projects (In­dia) Ltd (EPI) as it looks to bring all ad­vi­sory busi­ness un­der one out­fit. Be­sides, the govern­ment wants to sell its 99.35% stake in Kolkata-based construction com­pany Bridge & Roof Co. (In­dia) Ltd, which is un­der the con­trol of min­istry of heavy in­dus­tries and pub­lic en­ter­prises.

The govern­ment wants to sell its en­tire 98.99% stake in NPCC and 100% each in HSCC and EIL, but only to cen­tral pub­lic sec­tor un­der­tak­ings (PSUS), ac­cord­ing to a no­tice invit­ing bids. PTI

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