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Indian Solar Cell, Module Manufacturer CEL Seeks Purchaser (Int'l)
Central Electronics Limited
Date: 2020-02-12
On the sub-continent, the government of India reports it is seeking Expressions of Interest (EoI) for the proposed sale of all shares in solar cell and module manufacturer Central Electronics Limited (CEL). CEL is a government enterprise under the administrative control of the Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology. The company has 10 MW solar cell capacity and 38 MW capacity for module manufacturing.

As per the EoI document, the winning bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL. The last date for the submission of interest is March 16, 2020. Private or public limited company registered under the Companies Act can participate in the offering. (Source: Indian Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, PR, 11 Feb., 2020) Contact: Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology; www.dst.gov.in; Central Electronics Limited, +91-120-2895155, 2895156, +91-120-2895142, 2895148 - fax, www.celindia.co.in

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