New Delhi, Nov 18 :    New Delhi, Nov 18:  The Cabinet committee on disinvestment (CCD) today decided to ask for fresh bids for IPCL after hiving off the Baroda unit of the petro-chemical major to Indian Oil Corporation. Reliance and Chatterjee-Soros which had earlier been shortlisted as possible buyers of IPCL, will have to bid once again if they remain interested. Minus the Baroda unit, which is the oldest of the three plants, IPCL is actually expected to be an even more attractive buy, especially as its reserves would be bolstered by the money IOC pays for the Baroda plant. Interestingly, minister of state for disinvestment Arun Shourie admitted that he had informed Reliance group chief Anil Ambani that this was one of the options being mulled over by the government. He, however, did not accept suggestions by mediapersons that IOC was being 'burdened' with the Baroda unit. Instead, he argued that it made sense to sell this to IOC as it had a naphtha unit in close proximity to IPCL's Baroda plant which was actually built as a raw material source for it. The two plants which will now be offered to bidders are Nagotahne gas cracker unit in Maharashtra and Gandhar unit in Gujarat. The plan is to offer a 25 per cent stake to the successful bidder who will also gain management control. Shourie added that IOC too would be eligible to bid for IPCL when it is put up for sale again. The price of the Baroda plant would be finalised by the petroleum ministry, petrochemicals ministry and IOC. The CCD has also decided to provide a financial restructuring package before divesting its stake in Paradeep Phosphates Ltd to get a good price. Shourie said the PPL urgently required financial assistance otherwise the company would go sick and become a BIFR case. The CCD today also reviewed the implementation process of earlier disinvestment decisions of Air-India, Indian Airlines and IBP. It has decided that the Cabinet secretary would follow up all the unresolved issues or roadblocks in these cases with the help of the administrative ministry, disinvestment secretary and finance ministry officials.