The Department of Disinvestment (DoD) has shortlisted three Kolkata based business groups for the final bidding for Tyre Corporation of India Limited (TCIL). The groups include Patton International Ltd., Titagarh Wagons Limited and Ruia Group. Pramod Agarwal, Joint Secretary of DoD also confirmed the development.

He added, "Hopefully, we shall finalize everything by next month. There will be a strategic divestment after a long time. Three parties have been shortlisted for this." S K Mutreja, Managing Director of TCIL said, "Titagarh, Patton and Ruia Group have been shortlisted for the bidding.

SBI Capital Markets is managing the entire process. There will be a meeting of the bidders soon." According to sources, SBI Capital has convened a meeting of the bidders on January 25, 2013 .The final bidding will be conducted in mid-February 2013.