Punjab Cabinet decides to disinvest PSIDC’s stake in Punjab Alkalies and Chemicals
17th Sep 2019

The Punjab Cabinet has decided to disinvest Punjab State Industrial Development Corporation’s (PSIDC) stake in Punjab Alkalies and Chemicals (PACL), a move which is expected to generate around Rs 50 crore. The amount realised from the move would be utilised to pay debt of PSIDC.

Punjab Alkalies & Chemicals has been promoted by the Punjab State Industrial Development Corporation, a wholly owned Punjab Government Company.