Disinvestment in India

Centre to wind up Hindustan Cables

  1. The Cabinet has given its nod for a strategic sale of sick public sector firm Bharat Pumps and Compressors
  2. Also for the closure of Hindustan Cables that has stopped output since 2003
  3. It has also approved an outlay of more than Rs.4,800 crore to pay statutory dues to these firms’ employees and creditors
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