Govt nod to Cement Corp of India revival, non-operating units’ closure

The government has approved of the three operating units of state-owned and will shut down the of the company, Parliament was informed today.

In a written reply in the Rajya Sabha, Minister of State for Heavy Industries and Public Enterprises said that the government has approved “(of Cement Corporation of India) as a public sector enterprise” through closure of and of three operating units.

The Board for Reconstruction of Public Sector Enterprises had recommended closure and sale of and of operating units as a public sector enterprise.

However, in its reply, the government was silent on the sale of the and said it has approved their closure.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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