Engineering PSU Andrew Yule & Company Ltd would invite price bids for its stake sale in Dishergarh Power Supply Corporation by middle of November, a company official said.     

Andrew Yule Chairman and MD Kallol Datta told PTI that all the 18 suitors who have responded to the Expression of Interest (EoI) floated by the company have qualified for participating in the price bid.     

As per the revival package drawn up for Andrew Yule by BIFR, the company was required to sell its stakeholdings in DPSC, Phoenix Yule and Tide Water Oil.     
Andrew Yule along with Life Insurance Corporation would sell 57 per cent stake in DPSC, which has a generation capacity of 40 Mw and supplies power to the coal belt in the Ranigunj-Asansol area in West Bengal.     

After DPSC, the company would go ahead with the stake sale in Phoenix Yule Ltd, Datta said. Andrew Yule has 26 per cent stake in Phoenix Yule.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end higher on firm global cues - Sena-BJP emerge as largest block in Thane, to retain power - Nuclear Iran: Anti-India stir gains ground in US - Tax office seeks review of SC ruling in Vodafone case - FMC awaits FCRA amendment to decide on pulses trading

Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Medium-sized businesses are the engines of a smarter planet. -  Save over Rs.3000 with IndianOil Citibank Card -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more