State corporation to float four companies

Known for promoting industrial growth in Delhi, construction activities and running liquor vends, the DSIIDC will soon get into import and export, providing energy services to organisations and importing foreign liquor.

Known for promoting industrial growth in Delhi, construction activities and running liquor vends, the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) will soon get into import and export, providing energy services to organisations and importing foreign liquor.

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With its profits on an upward swing, the corporation has decided to float four more companies.

While one company will take care of maintenance of industrial estates, another company will import choicest of liquor brands. The other two companies will foray into providing energy solutions and running its existing liquor vends in the Capital.

“The four companies — DSIIDC Energy, DSIIDC Liquor, DSIIDC Maintenance and DSIIDC Impex — will be wholly-owned subsidiary of DSIIDC. We are starting these companies with an initial equity of Rs 1 crore each. We will appoint managing directors soon,” said DSIIDC chairman Chetan B Sanghi. He said DSIIDC has signed an agreement with two industrial estates — Bawana and Narela — for their maintenance for 15 years at Rs 27 crore per year on PPP basis.