RIL not cooperating in mill takeover, says Bihar minister

Image
Press Trust Of India
Last Updated : Jan 20 2013 | 12:26 AM IST

Mukesh Ambani-led Reliance Industries was not responding positively in connection with the contract awarded to it for revival of a closed sugar mill at Motipur in Bihar’s Muzaffapur district, state industry minister Gautam Singh said.

Replying to a short-notice question of Shakeel Ahmed Khan (RJD), Singh said the state government had assigned the job of bidding for the closed state-run sugar mills to SBI Capital. RIL had emerged successful and was awarded the contract for revival of the Motipur sugar mill, for which it had to pay Rs 55 crore to the state government while taking up the liabilities related to employees, he said.

The minister said the private sector giant had so far paid Rs 5.5 crore out of Rs 55 crore and since then it was not cooperating with the state government, “as not a single official of the company had visited us for the takeover process”.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 22 2009 | 12:18 AM IST

Next Story