Cabinet gives nod to offload Instrumentation units

Union Heavy Industries Minister Anant Geete had asked Rajasthan and Kerala governments to take over the units

GN Bureau | December 2, 2016


#Anant Geete   #Instrumentation Ltd   #PSU  

 The government has approved the proposal of shutting down the loss-making Kota unit of Instrumentation Ltd and hand over the company’s Palakkad division to the Kerala government.

The decision was taken by the union cabinet at a meeting chaired by prime minister Narendra Modi, reported Press Trust of India.
 
“The cabinet has approved attractive voluntary retirement or voluntary separation scheme (VRS or VSS) package at 2007 notional pay scales to employees of Kota Unit of Instrumentation Ltd, including the payment of pending salary, statutory dues etc, amounting approximately Rs 438 crore.” 
 
The report stated that Kota unit of Instrumentation has been in the red for many years whereas its Palakkad division has been making profit. Kota unit has around 500 employees and the Palakkad unit has staff strength of 300 employees.
 
Union Heavy Industries Minister Anant Geete had earlier written to the governments of Rajasthan and Kerala, requesting them to take over the units.
 

Comments

 

Other News

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

How the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter