Chandigarh, Oct. 12 -- The Punjab government appears set to pull the plug on strategic disinvestment of loss-making public sector undertaking Punjab Communications Limited (Puncom).

It is taking a relook at the strategic disinvestment of its 71.20% equity holding in the telecommunication and information technology (IT) equipment manufacturing and solutions company. The industries department has been asked to again study the financial situation, assets and staff position of the public sector enterprise and suggest the available options, officials privy to the developments said after a meeting was held recently by the finance department with the industries departments and Puncom under the chairmanship of the chief secretary.

The state gov...