CM Meets Officials: Cm Meets Officials Of Bilt Buyer, Itc | Hyderabad News

CM Meets Officials: Cm Meets Officials Of Bilt Buyer, Itc | Hyderabad News


Hyderabad: With Telangana government keen on reviving sick industrial units such as the Kamalapuram pulp mill of Ballarpur Industries Ltd (BILT) to boost local economic activity and employment, chief minister A Revanth Reddy met top officials of Finquest Financial Solutions Pvt Ltd, which bagged the ailing company’s assets through the National Company Law Tribunal (NCLT).
The CM met Finquest Financial Solutions managing director Hardik Patel on Monday and expressed his government’s “strong desire” to revive the factory and urged Patel to speed up the process of disposing the facility to potential buyers.
Kolkata-based ITC Group is already in parleys with Finquest to acquire the assets of BILT.
CM also held discussions with ITC’s paper and specialty papers division CEO Vadiraj Kulkarni on the company’s existing projects and future expansion plans and assured government help for reviving the shuttered Kamalapuram pulp mill.
The pulp mill, which commenced commercial production in September 1981, turned sick and was shut down in 2014, hitting the livelihoods of the families of over 750 workers.

Source link

post a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.