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Govt approves conversion of loan to HPL into equity
The government today approved the conversion of its Rs 128 crore loan to state-run Hindustan Prefab (HPL) into equity to help the company becoming a viable enterprise. "With this approval, the accumulated losses will be set off against equity, and the company is expected to emerge as a viable and profit-making Central Public Sector Enterprises in the coming years," Information and Broadcasting Minister Ambika Soni said after a Cabinet meeting here.Same Day Loans commented:
This company Hindustan prefab is very old and renowned company in civil engineering and this is really very helpful initiative form the government.
18.11.2011
City Cash Loan commented:
Hoping such conversion will really give good outcome. Thanks for such good post.
22.11.2011