CCEA approves revival package for Instrumentation Ltd

New Delhi, Feb 11 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today gave its approval to the revival package for state-run Instrumentation Ltd (IL) based in Kota.

The revival package includes cash infusion of Rs 103.36 crore and waiver of government loan and interest, amounting to Rs 504.36 crore, besides a Rs 45-crore government guarantee.

IL was established in 1964 as a fully-owned central pubic service enterprise to cater to automation and control for process industry.

The company manufactures and supplies to various industries such as power, steel, fertiliser, chemical, petrochemical, refineries, pharmaceutical, cement and textile. (ANI)