<p class="title">The Centre has invited expression of interest for a 100% stake sale in Central Electronics Ltd.</p>.<p class="bodytext">The last date for submitting bids is Oct 21.</p>.<p class="bodytext">The fully-owned government company has a net worth of over Rs 50 crore. The disinvestment was cleared last year.</p>.<p class="bodytext">Set up in 1974, CEL is under Department of Scientific & Industrial Research (DSIR). It was established with an objective to commercially exploit the indigenous technologies developed by National Laboratories and R&D institutions in the country.</p>.<p class="bodytext">CEL has developed a number of products for the first time in the country through its own R&D efforts and in close association with the premier National and International laboratories including defence laboratories.</p>.<p class="bodytext">The move will help the Centre reach some distance in achieving a whopping Rs 80,000 disinvestment target this year of which so far it has only managed Rs 9,220 crore.</p>.<p class="bodytext">The recently shelved disinvestment of Air India, Hindustan Copper and Mecon has put the government in a tight spot and it is looking vigorously on the low hanging fruits to reach the target.</p>
<p class="title">The Centre has invited expression of interest for a 100% stake sale in Central Electronics Ltd.</p>.<p class="bodytext">The last date for submitting bids is Oct 21.</p>.<p class="bodytext">The fully-owned government company has a net worth of over Rs 50 crore. The disinvestment was cleared last year.</p>.<p class="bodytext">Set up in 1974, CEL is under Department of Scientific & Industrial Research (DSIR). It was established with an objective to commercially exploit the indigenous technologies developed by National Laboratories and R&D institutions in the country.</p>.<p class="bodytext">CEL has developed a number of products for the first time in the country through its own R&D efforts and in close association with the premier National and International laboratories including defence laboratories.</p>.<p class="bodytext">The move will help the Centre reach some distance in achieving a whopping Rs 80,000 disinvestment target this year of which so far it has only managed Rs 9,220 crore.</p>.<p class="bodytext">The recently shelved disinvestment of Air India, Hindustan Copper and Mecon has put the government in a tight spot and it is looking vigorously on the low hanging fruits to reach the target.</p>
