Minister of State for Steel A Sai Prathap, said on Wednesday, that the ministry is mulling over restructuring and mergers of some PSUs aimed at capturing the benefits of improved synergies.
Giving further details, Steel Secretary P K Rastogi said a committee has been appointed to examine the organsational structure and functioning of the four PSUs under consideration and suggest measures for their restructuring.
“We have appointed a committee to examine the structure and functioning of four companies, and make recommendations regarding their re-organisation, merger with other companies or other structural re-organisation as warranted,” Rastogi told PTI.
The committee will be headed by KIOCL former Chairman and Managing Director P Ganesan.
Deccan Herald is on WhatsApp Channels | Join now for Breaking News & Editor's Picks