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Paswan against disinvestment of steel PSUS
New Delhi, May 24: Taking a tough stand against the disinvestment of profit-making PSUS, new steel minister Ram Vilas Paswan today said the two steel sector companies in the disinvestment list should not be sold to private players.
New Delhi, May 24: Taking a tough stand against the
disinvestment of profit-making PSUS, new steel minister Ram
Vilas Paswan today said the two steel sector companies in the
disinvestment list should not be sold to private players.
"Both the PSUS, Manganese Ore India Ltd and Sponge Iron
India Ltd, are profit-making and I shall talk to the
government that these need not be divested," he told reporters
immediately after taking charge of his ministry.
Regarding the three loss-making steel PSUS in the
disinvestment list of the previous government, Paswan said
these companies would also be reviewed to make them profitable
and their about 7000 employees' needs would be taken care of.
The three loss-making entities are Salem steel plant,
Alloy steel plant and Vishweshwaraiya steel plant, whose
combined annual loss stood at Rs 400 crore, he said.
Paswan said he needed a fortnight to be conversant with
the details of his ministry, adding "I shall personally visit
these three units and see if they can be turned around."
Bureau Report