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EXPRESSION OF INTEREST EXPRESSION OF INTEREST Expression of

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					                           EXPRESSION OF INTEREST


 Expression of Interest (EOI) is invited from reputed companies, firms, consortium of
 companies etc. having financial and technical capability, for take over-cum-revival
 of M/s Travancore Rayons Ltd., Perumbavoor, Kochi, Kerala, a Rayon & Cellulose
 Film manufacturing company, which remained closed from July 2001, which is
 proposed for OTS. The new promoter has –

  i.   To settle all present liabilities of the company upto Rs. 219 crores. This
       includes dues to Banks/ Financial Institutions/ Public Deposits/
       Debentures/ Employees/ Statutory Bodies and other Creditors.

           (Banks have agreed to a generous OTS and the State Government will
           assist for arriving at an OTS settlement with Financial Institutions.
           Dues to the State Government and statutory bodies of the State
           Government shall be waived on a case to case basis.)

 ii.   To settle the existing dues to employees and to assure continuous future
       employment to all existing employees.

iii.   The existing factory shall be run while the available residual land may be
       utilised for any other pollution-free industrial purpose with the approval
       from the state government.

iv.    The total revival package should be finalised before 15th June 2009.

 Further details can be had from The Managing Director, The Travancore Rayons
 Ltd., Rayonpuram P. O., Perumbavoor, Ernakulam District, Kerala – 683 543 ( Tel.
 No. 0484 – 2522943 / 2522382 ) , against request and on a non-refundable payment
 of Rs. 5000/- (Rupees Five Thousand Only) by DD in favour of The Travancore
 Rayons Ltd., drawn on Union Bank of India payable at Perumbavoor. The
 interested bidders can visit the factory between 11 a.m. and 3 p.m. on any working
 day till 14.3.2009. Details can also be had from the web site of KSIDC, K-BIP and
 Director of Industries and Commerce, Govt. of Kerala.

 Those who are interested may submit their EOI in a sealed cover so as to reach the
 office of the Managing Director in the above address on or before 3.30 p.m. on 16th
 March 2009 – in the above address, along with EMD of Rs. 1 lakh (Rupees One lakh
 only) by DD in favour of The Travancore Rayons Ltd., drawn on Union Bank of
 India payable at Perumbavoor, by registered post. Those who download the free
 details from the web sites should submit additional DD for Rs. 5000/- along with the
 revival proposal. The EMD will be refunded to the unsuccessful parties on
 finalisation of the EOI.
EOI received beyond the prescribed time will not be entertained. The EOI will be
opened at 4 p.m. on 16th March 2009, in the presence of the available participants or
the duly authorised representatives.

The Management reserves its right to accept or reject the EOI, fully or partly,
without assigning any reason whatsoever.


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posted:12/18/2011
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