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Our Bureau

New Delhi, Sept. 21

The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved a budgetary support of Rs 80.84 crore for liquidation of outstanding statutory dues and salary and wages from January 1992 to August 2005 in respect of Hindustan Steelworks Construction Ltd (HSCL) and Bharat Refractories Ltd (BRL). It would mitigate the hardships of the employees, thereby motivating them for better output and prepare them to achieve the goal of revival for the company. The CCEA also approved Rs 314.10 crore package for ITI Ltd.

The CCEA also okayed Adirayala Shaft project of Singareni Collieries Company Ltd (SCCL) for a coal production capacity of 2.144 million tonnes per year and net capital requirement of Rs 212.34 crore (after accounting for the revenues projected to be generated during construction of the project and the related capitalisation) and for a total outlay of Rs 452.30 crore. Through this project 2.144 mt would be produced which will meet the demand of NTPC Ramagundam.

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