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Govt to wind-up public sector reconstruction board?

The Prime Minister's Office has given in-principle approval to the proposal to close down the BRPSE

March 16, 2015 8:40 IST | India Infoline News Service
The Ministry of Heavy Industry & Public Enterprises is expected to wind-up the Board for Reconstruction of Public Sector Enterprises, according to a media report.

BRPSE was established in December 2004 as an advisory body to advise the Government on the strategies for strengthening and restructuring of public sector enterprises.

The Prime Minister's Office has given in-principle approval to the proposal to close down the BRPSE, the report added.

The heavy industry ministry has already floated a Cabinet note on the closure of six companies. These include Hindustan Photo Films, Tungabhadra Steel Products Ltd and Hindustan Cables Ltd, the report further said. 

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