Govt Ready To Unload its 100% Risk in CEL; Welcomes EoI by Mar 16

Feb 11, 2020 01:28 PM ET
  • After BPCL and also Air India, federal government is currently readied to privatise its solar items producer Central Electronics Ltd (CEL) and also welcomed bids for offering its 100 percent shareholding with monitoring control.
Govt Ready To Unload its 100% Risk in CEL; Welcomes EoI by Mar 16

The last day for interested events to send the quotes is March 16, 2020.

CEL is a Government of India Enterprise under the Department of Scientific as well as Industrial Research (DSIR), Ministry of Science & Technology.

It is India's earliest monocrystalline cell maker having an ability of 10 MW p.a. The business is additionally having top quality module production line with mounted ability of 38 MW, i.e. 10 MW in hand-operated line as well as 28 MW in automatic line.

It's compensated funding is Rs 69.22 crore and also total assets is Rs 75.99 crore as on March 31, 2019.

According to the Preliminary Information Memorandum (PIM), the chosen prospective buyer will certainly be needed to secure its shares for a duration of 3 years throughout which it can not take on the sale of its risk in CEL.

For the qualification standard, the interested prospective buyers need to have a minimal total assets of Rs 50 crore, and also will remain in presence for a minimum of 3 fiscal years as on March 31, 2019.

In the SWOT evaluation of CEL, DIPAM has actually pointed out under weak point that "CEL has weak monetary placement because of previous losses; high production price; as well as non-payment of charges by state nodal companies influencing the monetary setting of the firm".

Better in risks, DIPM specified that "discarding of Solar cells at really reduced prices makes Solar PV producing sector unviable; and also access of brand-new gamers out there for solar items along with Railway signalling systems".

At the same time on the toughness, it specified that "the business is having an appropriate land for growth; NCR location-proximity to New Delhi; know-how in advancement of customise solar services; experience in layout, growth and also supply of calculated gadgets as well as elements; globally accredited top quality items; and also knowledgeable as well as skilled workforce".

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