Panel recommends Rs 113-cr central assistance for HAL
Pune: The parliamentary standing committee on chemicals and fertilisers has recommended that the Union chemicals and fertilisers ministry provide Rs 113 crore to Pimpri-based public sector enterprise Hindustan Antibiotics Limited (HAL) as working capital and for payment of pending employee salaries.
Committee chairman Anand Adsul, who visited HAL on Saturday, told reporters, “The committee has spoken to Anant Kumar, Union minister for chemicals and fertilisers, about providing Rs 113 crore to HAL.”
Adsul said that the panel members are visiting various PSUs that are sick or have shut down and are making recommendations to the ministry for their revival.
During its visit to HAL, the delegation took information from the management about its revival plan. The committee also inspected vacant land owned by the company.
Adsul said, “The Maharashtra State Electricity Distribution Company Limited (MSEDCL) was to going to stop supplying power to HAL. I spoke to chief minister Devendra Fadnavis about it and now the power company will not cut supply.”
HAL is considering selling surplus land it owns to raise funds for its revival. Adsul said, “The Maharashtra Housing and Development Authority (MHADA) has proposed to buy six acre land from HAL at the rate of Rs 17 crore per acre. Hence, it will pay the company Rs 102 crore for the six-acre plot. Even after selling this land, HAL will be left with 60 acre land.”
The company has been trying to get a revival package from the Union government for several years, but has not received it, causing its financial condition to deteriorate further, he said. “There is nothing impossible. Earlier there was a union government which did not have mindset to help the company. Now there is a union government which has a mindset to revive the company.”
Earlier, addressing workers near the Jan Aushadhi shop, which sells generic medicine, on Pune-Mumbai highway in HA colony, Pimpri, Adsul said, “We have decided to meet the Prime Minister after preparing our report. We will take efforts to ensure that employees get their salaries this month.”
Union minister of state for chemicals Hansraj Ahir, who visited HAL last week, said that the government would take efforts to revive the company, which has been running into losses for over ten years.
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