(a) whether the Government proposes to provide revival package for revival of HMT Ltd.;
(b) if so, the details alongwith the quantum thereof; and
(c) the time by which is it is likely to be provided by the Government?
(a) whether the Government proposes to provide revival package for revival of HMT Ltd.;
(b) if so, the details alongwith the quantum thereof; and
(c) the time by which is it is likely to be provided by the Government?
MINISTER OF STATE IN THE MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SMT. KANTI SINGH)
(a) & (b): A revival package of HMT Ltd., has been submitted by the company to address specific issues related to high cost of operations vis-Ã -vis turnover levels achieved, product and process constraints, high level of borrowings and consequential outgo of interest etc.
(c) The revival plan has been submitted to the Board of Reconstruction of Public Sector Enterprises (BRPSE).