Three Firms Technically Qualified to Evaluate Four Public Enterprises for Privatization

Three companies have been technically qualified to conduct investment and asset valuation of four public enterprises, according to the Ministry of Finance. The ministry had invited proposals on Shrawan 20 to appoint valuation firms as part of the government’s ongoing privatization efforts.

The proposals were sought for the valuation of Nepal Metal Company Ltd., Nepal Orient Magnesite Pvt. Ltd., Butwal Spinning Mill Ltd., and Janakpur Cigarette Factory Ltd. Among the applicants, S&S PJPN JV has been declared technically qualified for the valuation of all four institutions.

Similarly, the same firm has emerged as the sole technically qualified applicant for the valuation of Nepal Orient Magnesite and Butwal Spinning Mill.

However, for the valuation of Nepal Metal Company and Janakpur Cigarette Factory, one additional applicant has been technically qualified in each. Jin & Associates qualified for the valuation of Nepal Metal Company, while S. Subedi & Associates qualified for Janakpur Cigarette Factory.

The ministry has stated that the financial proposals of the technically qualified firms will be opened on Sunday, Mangsir 21.

The government is moving forward with this process as part of its plan to accelerate the privatization and restructuring of long-stalled public enterprises.