The Hindu Business Line : Bihar to invite fresh bids for 10 sugar mills

New Delhi, Feb. 11 The Bihar Government has decided to invite fresh bids for 10 closed state-owned sugar mills, which did not fetch good response to an earlier tender issued in November.

The November tender for 15 sugar mills has led to five mills being given on a 60-year lease to players such as Reliance Industries Ltd (RIL), Hindustan Petroleum Corporation Ltd (HPCL), Rollcon Projects and S S Infrastructure.

“The tenders will again be floated for leasing out the remaining sick sugar mills in the State,” said the Bihar Chief Minister, Mr Nitesh Kumar.

He was speaking to newspersons after his meeting with the Petroleum Minister, Mr Murli Deora, for higher quantity of kerosene supply for the State.

“SBI Caps would handle the re-tendering process. Any revision in the floor price would be on the suggestion of the financial advisor,” he said.

The State Government had invited bids in November for sugar mills that had closed. The bid price ranged between Rs 55 crore and Rs 70 crore. The floor price was fixed at Rs 55.36 crore.

While RIL has bagged one mill, HPCL has got two sugar mills. The Delhi-based Rollcon Projects and S S Infrastructure of Darbhanga were the other two bidders.

The remaining mills could not be leased out as bids were either not received or quotes were lower than the floor price.

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