JV Processes Update
Ministry in 2005 decided to take up Rehabilitation and Restructuring proposal of the company. Rehabilitation-cum-Restructuring Plan submitted to the Ministry and forwarded to BRPSE. Revised Proposal was submitted with the assistance of IL&FS IDC in June 2007 which recommended revival package of Rs 454.37 crore, approved by BRPSE. Recommendation of BRPSE placed before CCEA with modified package of Rs 596.57 crore. CCEA in its meeting dated 05.06.2008 refer the revival to CoS for CoS to look into the question of reviving the company through JV with the private sector.