Bids For Tide Water Oil May Be Sought In Oct

The department of disinvestment is likely to invite bids in Andrew Yule group company, Tide Water Oil Company (TWOC), in October.

The last date for submission of expression of interest (EoI) in the company expired on June 3, and half-a-dozen companies, including IOC through IBP, and the Chevron Texaco subsidiary Caltex, have placed EOIs.

Meanwhile, A F Ferguson, TWOC