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Jharkhand MPs seek PM's intervention over privatisation move

IANS  |  Ranchi 

Ten MPs of have written to seeking his intervention on the Union Heavy Industries Ministry's move to privatise the (HEC), one of the oldest such in the government sector that was established in 1958.

"HEC is one of the biggest PSU of the Thousands of farmers had given land for HEC. There is conspiracy to privatise the HEC. The privatisation will create unemployment," says the letter to the 10 MPs to

The MPs -- all belonging to -- opposing privatisation, have also demanded modernisation of the HEC.

The MPs are -- Ramtahal Chaudhary, B.D. Ram, Ravindra Rai, Karia Munda, Mahesh Poddar, Ravindra Pandey, Lakshman Giluwa, Sunil Singh, and

According to Ramtahal Chaudhary, the from Ranchi, he handed the letter to the by him. He said on Friday they (MPs) would also meet Anant Geete, the

The HEC was set up in with the erstwhile It had faced a crisis in 1993 and 2003. It was also sent to (BIFR).

The company had registered profit for three successive years from 2005.

According to MPs, the proposal of privatisation of HEC is likely to be taken in the next cabinet meeting.

The trade union and political parties of have also opposed the privatisation move.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 15:24 IST