July 20, 2008

HSL revival proposal under consideration

Mr TR Baalu minister of shipping, road transport and highways in a written reply in the Rajya Sabha informed that a proposal for Rehabilitation cum Financial Restructuring of Hindustan Shipyard Limited is under consideration of the Government.

He said a Group of Ministers constituted in this regard has considered it and made certain recommendations. The recommendations of the GoM shall be placed before the Cabinet Committee on Economic Affairs for consideration and approval.