Insolvent DC Industrial Plant Services (DCIPS) has been given a window in getting handed over as a going concern with West Bengal Power Development Corporation (WBPDCL) and NTPC continuing to renew its old contract beyond the stipulated time frame. DCIPS, already a negative networth company, cannot participate in fresh tenders, since it would not match the financial criteria that an open tender would demand. Hence the state power generating agencies have been renewing the contracts of DCIPS on a short term basis to provide it an window to get handed over as a going concern.
This though attracts Section 226 of the Constitutuon against the state generating units, this was the only way out to keep DCIPS, pioneer in ash handling, surviving, a DCIPS official said. Section 226 of the Constitution deals in forcefully occupying government jobs and depriving equal opportunity.
