Out of the 16 operational central public sector enterprises (CPSEs) under the administrative control of the heavy industries ministry, five CPSEs including Heavy Engineering Corporation (HEC) and Hindustan Machine Tools (HMT) are making losses.
Union Minister Jitendra Singh said the government has roped in PSUs for the installation or the exercise would be done exclusively by the specialised government agencies.
Instead of selling PSUs during Covid times when their full value may not be realised, the Government could have gone in for cutting wasteful expenditure. For example, Centrally Sponsored Schemes and Central Sector Schemes that account for Rs. 14.32 lakh crore of annual expenditure, urgently call for review, with closure or modification of badly performing schemes