State to complete HNL takeover this month
The Hindu
KINFRA to prepare plan for land utilisation of once Central PSU: Rajeeve
The long wait for revival of the debt-ridden Hindustan Newsprint Limited (HNL) at Velloor in Kottayam is about to end with the State government set to take over the company by June 30. Official sources said a delegation from the Kerala Industrial Infrastructure Development Corporation (Kinfra) led by general manager T. Unnikrishnan recently visited the HNL campus while a seven-member committee led by A.P.M. Muhammed Hanish, Secretary, Department of Industries, would soon visit the industrial unit and roll out a plan of action. The previously Central public sector unit, located on 700 acres provided by the State government, had shut down its production plant about two years ago citing losses. The State government kickstarted efforts to take over the company in 2017 soon after the Union government initiated plans to privatise the unit.More Related News
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