The Government of India ("GOI"), as a part
of its divestment programme, wishes to sell a part of its shareholding
in Hindustan Organic Chemicals Limited (HOCL), amounting to 32.61%
of the equity capital to a Strategic Investor and to transfer control
to manage the affairs of HOCL to the Strategic Investor. A. F. Ferguson
& Co. (AFF) has been retained as Advisor to the GOI in connection
with the proposed sale.
HOCL is one of the leading manufacturers
of organic chemicals and petrochemicals. The Company's products
include phenol, acetone, aniline, nitroaromatics, chlorobenzene,
acetanilide, formaldehyde and various by-products. The Company has
the necessary environmental clearances in place. The Company's corporate
office is located at Mumbai. It has two production units at Cochin,
Kerala and Rasayani (near Mumbai) in Maharashtra. Both these units
have obtained ISO 9002 certification. The turnover of HOCL for the
twelve months ended March 31, 2001 was Rs.3488 million.
Companies/Consortiums of Companies/Joint
Ventures interested in acquiring shares from GOI and participating
in the proposed divestment in HOCL ("Interested Parties") should
send to the under-mentioned addresses, their Expression of Interest
("EOI") in the format prescribed in the Preliminary Information
Memorandum (PIM) together with their latest audited Annual Report
and a Profile describing their business and operations (the "EOI
Package") by not later than 17.00 Hrs. (IST) on 30.9.2001.
The interested Party (Parties) should have a combined turnover in
excess of Rs.2500 million as per the latest annual accounts and
a satisfactory business and management track record.
More information pertaining to the Company
as well as the PIM can be accessed from the websites: www.hoclindia.com
or www.divest.nic.in
All queries and questions related to the
EOI may be addressed to the under-mentioned persons:
