The CPSEs are incurring losses due to number of factors such as poor order book, shortage of working capital, surplus manpower, obsolete plant and machinery
GN Bureau | February 8, 2017
Two Central Public Sector Enterprises (CPSEs) under the Department of Heavy Industry (DHI) have been given concessions.
The CPSEs under DHI are incurring losses due to number of factors such as poor order book, shortage of working capital, surplus manpower, obsolete plant and machinery and difficulty to adjust to changing market conditions, said Minister of State in the Ministry of Heavy Industries and Public Enterprises Babul Supriyo in reply to a written question in the Rajya Sabha on Wednesday.
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