Rs 500 Crore Bailout Package For Hindustan Photofilms Submitted To Cabinet

The ministry of heavy industry has forwarded a proposal to the Cabinet seeking a Rs 500 crore bailout for Hindustan Photofilms (HPL) Ltd.

Talking to reporters, heavy industry minister Manohar Joshi said, "We have asked the government either to provide Rs 500 crore to HPL or shut it down." The public sector undertaking was one of the five