Centre gives go-ahead for HEC revival

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New Delhi, Sep 4 (UNI) The Centre today gave its approval for revival and restructuring of Heavy Engineering Corporation Limited, Ranchi.

A decision in this regard was taken by a meeting of the Cabinet Commtitee on Economic Affairs.

An official spokesman told mediapersons that the company had been sick for a long time. It had started earning profit from 2006-07.

With the approval of revival package, the profitability would be sustained and company would be able to execute long pending orders and move forward towards better performance.

UNI SH RL DS1401

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