Instrumentation Ltd. not to be merged with BHEL

Hopes of making the Palakkad unit of Instrumentation Limited a subsidiary of Bharat Heavy Electricals Limited (BHEL) received yet another beating with the Union government making it clear that it was against the proposal. The Hyderabad-based Institute of Public Enterprises Limited that explored various options for the unit’s survival had recommended its merger with BHEL, which buys 65 per cent of the products manufactured by the unit. In a written reply to Palakkad MP M.B. Rajesh in the Lok Sabha, Minister of State for Heavy Industries G.M. Siddeshwara made it clear that the government was not considering the proposal. However, he said, the government would try to merge the unit with a profit-making industrial firm. The Minister was silent whether it would be a merger with a public-sector enterprise or selling majority shares to private players. more at: http://www.thehindu.com/news/national/kerala/instrumentation-ltd-not-to-be-merged-with-bhel/article7136776.ece