CCD to decide on price bids for Jessop

new delhi: government is likely to decide on wednesday on price bids for offloading majority stake in sick engineering psu jessop and finalise draft transaction documents for hindustan zinc. these proposals along with sale of government''s remaining 26 per cent stake in modern foods to hindusthan lever would also be discussed at the meeting of cabinet committee on disinvestment which would meet in new delhi on wednesday, sources said. sources, however, pointed out that the indian petrochemicals and national fertiliser were not likely to come up for discussion at tomorrows meeting as some minor issues needed to be resolved including the gas and feedstock pricing in respect of the petrochemical major. the meeting would finalise restructuring and revival proposal for jessop which would be forwarded to board for industrial and financial reconstruction. in case the bid was rejected the government would then consider closure of the company. the demand raised by ioc for allowing it to bid for other oil psus -- bharat petroleum and hindustan petroleum -- could also come up for discussion as differences between ministries of petroleum and disinvestment are believed to have surfaced on the issue.