Govt selling profit making strategic PSUs like peanuts to entities of doubtful credentials: Press briefing by Prof Gourav Vallabh at AICC HQ  https://www.youtube.com/watch?v=DG82K6W_70k  https://www.youtube.com/watch?v=qaEVOcMsZvA  Dec 30, 2021 Indian National Congress   the government undervalued central electronics

From Press Statement: 
The BJP government on 29th November 2021 announced the strategic disinvestment of Central Electronics Limited (CEL).

Reserve Price Fixed at 44% of CEL Land Value alone as per circle rate:

Reserve Price set at 20% of Valuation of CEL:

Strong Financials warranted a higher Reserve price: CEL is a profit-making PSU with a net sales of Rs. 296 Crores and Gross Profit of Rs 136 Crores in 2020-21. As of 31st October 2021, CEL has pending orders worth Rs 1592 Crores. With these orders alone, CEL would give GoI a Gross Profit of ~ Rs 730 Crores .

Highly Strategic to National Interest:, CEL is a strategic player in four divisions: Defence, Railway, Solar business and Security systems.

Inter-Connected Bidders: There were two bidders who participated in the bid for CEL: M/S Nandal Finance and Leasing Pvt. Ltd. and M/S. JPM Industries. Both the bidders are inter-related to each other through their parent companies and have quoted bid price nearly equal to the reserve value of Rs. 194 Crores.

Weak Credentials and pending case of winding up in NCLAT against M/s Nandal Finance and Leasing Pvt. Ltd.:

The Congress party asks .. Why a profit making strategic PSU us handover to company with less than 10 employees and no domain experience?