five sick psus to be closed down_ govt in lok sabha - times of india
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8/16/2019 Five Sick PSUs to Be Closed Down_ Govt in Lok Sabha - Times of India
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2/5/2016 F i v e si ck PSU s to be cl os ed dow n: Govt i n Lok Sabha - T i m es of Indi a
http://ti m esofi ndi a.i ndi ati m es.com /i ndi a/F i ve- si ck - PSU s - to- be- cl osed- dow n- Govt- in- Lok - Sabha/ar ti cl es how pr int/46527552.cm s 1/2
The governent told Lok Sabha said there were 65 units in the list of sick
PSUs as of Ma rch 3 1 l ast y ear.
Five sick PSUs to be closed down: Govt in Lok SabhaPTI | Mar 11, 2015, 02.46 PM IST
Printed from
NEW DELHI: Five public sector undertakings (PSUs) will be
closed down by the government, which has included some of
the best known state-run enterprises like Air India, MTNL and
Hindustan Shipyard, in the list of 65 sick PSUs, Lok Sabha was
informed on Tuesday.
The five state-run organizations to be closed down include three HMT
units whose brand of watches and tractors once ruled the market, heavyindustries minister Anant Geete said during Question Hour, adding that
their employees were being offered a "very good" VRS package.
READ ALSO: HMT watches may be ticking back to life
HMT breaks hearts with its time-up call
However, he did not name the other PSUs which are slated to be closed down.
Air India and MTNL, once market leaders in aviation and mobile telephony sectors respectively, were declared sick as per the
criteria for a PSU to be declared as such, after they incurred losses worth 50 per cent or more of their average net worth during
four preceding years.
http://timesofindia.indiatimes.com/business/india-business/HMT-watches-may-be-ticking-back-to-life/articleshow/44943730.cmshttp://timesofindia.indiatimes.com/business/india-business/HMT-watches-may-be-ticking-back-to-life/articleshow/44943730.cmshttp://timesofindia.indiatimes.com/india/HMT-breaks-hearts-with-its-time-up-call/articleshow/44656415.cmshttp://timesofindia.indiatimes.com/business/india-business/HMT-watches-may-be-ticking-back-to-life/articleshow/44943730.cmshttp://timesofindia.indiatimes.com/
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8/16/2019 Five Sick PSUs to Be Closed Down_ Govt in Lok Sabha - Times of India
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