Govt to sell four Cement Corp units

The government has proposed sale of four non-operating units of Cement Corporation of India (CCI) which may fetch over Rs.1,300 crore.
CCI, which was set up in 1965, comes under the ministry of heavy industries and public enterprises. The government has 100 per cent shareholding in the public sector unit.
These 4 Units are the non-operating Units situated at Mandhar, Akaltara, Nayagaon and Kurkunta. CCI has put these units on an outright sale and has invited EOI at the global level.
In total, the company has 10 units out of which 7 are non-functional. The sale would be done through an e-auction process. SBI Capital Markets has been appointed the Merchant Bankers for this purpose.
These Units are intended to be sold on “as is where is” basis, without any existing liability and with no restriction on post-sale use, etc.