Sources said, ACC had offered Rs 173 crore take over the plant as against the reserve price of Rs 176 crore.
The job of the two-member panel comprising industry minister KV Singhdeo and minister of state for finance, Panchanan Kanungo will be to negotiate with ACC to increase the offer price to above the reserve price or at least match it, sources said.
In a recently held meeting of the cabinet committee on disinvestments chaired by chief minister Naveen Patnaik, the ACC