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Privatisation Commission has invited Expression of Interest for the
privatisation of Kohinoor Oil Mills Limited (KOML) through the sale of upto 65
% shares (approximately) on 'as is where is' basis from the interested parties
latest by August 23, 2003. The liabilities owed to the Government will not be
passed
on to the buyer.
KOML is situated on land measuring approx. 62.2 acres on main GT Road, Kala
Shah Kaku, Tehsil Ferozewala, Distt; Sheikhupura. It was converted into public
limited company in 1971 and nationalized in September 1973.
The Mills vegetable Ghee Plant has a capacity to produce 27200 M. Ton of Ghee
while the Solvent Extraction Plant has annual rated capacity of 33000 M. Ton.
Unlike other Ghee Mills, this unit also has seed handling/ crushing equipment
as well as Solvent Extraction Plant (SEP). SEP was closed down in 1995 while
Ghee manufacturing was stopped in 1997. All employees of this unit were laid
off by paying GHS/VHS in 1997.
Summary profile of the company can be obtained free of cost from PC w.e.f
August 11, 2003 while bidding documents along with Information memorandum and
bidding schedule will be provided only to those prospective bidders who will
submit their EOIs.