The Chairman and Managing Director of Andrew Yule & Company, Mr. Kallol Datta informed that Tata Power, CESC and Reliance Energy have shown interest in picking up 57% in Dirshergarh Power Supply Corporation Ltd (DPSC).

On Thusday, Mr. Datta reported that five companies had responded to the news given by Andrew Yule for selling 57% stake holding in DPSC.

Datta expressed, “Reliance Energy, CESC, DLF and Tata Power, among others, have shown interest. The last date for submission of EoI is September 9.”

Around 15% stake in DPSC is owned by Andrew Yule along with its two coal companies. On the other hand, state-run Life Insurance Corporation had 42% stake in DPSC. It is also in news that LIC too would sell its stake in DSPC.  

DPSC, which supplies power to the coal belt in Ranigunj-Asansol area and the industrial township of Durgapur, has a generating capacity of 40 MW.

The DPSC divestment process which would happen through an open tender route was being monitored by the board, as said by MR Datta. Andrew Yule is also planning to sell its stake in Phoenix Yule and Tidewater Oil.