Centre extends due dates to bid for Ferro Scrap Nigam privatisation

Interested parties will have to submit physical copies of EoI by June 13 as against May 12 earlier. Shortlisted bidders would be intimated by June 27

The finance ministry has extended due dates for submitting bids for the privatisation of Ferro Scrap Nigam Ltd (FSNL) by a month.

The last date for submitting initial bids for the privatisation of FSNL has been extended to June 6 from May 5 proposed earlier, the Department of Investment and Public Asset Management (DIPAM) said in a notification.

Interested parties will have to submit physical copies of expression of interest (EoI) by June 13 as against  May 12 earlier. Shortlisted bidders would be intimated by June 27 now, the notification said.

The privatisation of the government-owned entity involves transfer of