Ranchi, Dec. 5 -- The Left parties have accused the Centre of deliberately dismantling Ranchi-based Heavy Engineering Corporation (HEC), arguing that the public-sector giant is being pushed toward closure so that its nearly 5,000 acres of prime land and high-value assets can be transferred to private corporations.
CPI leader Ajay Singh said the sequence of decisions over the past few years shows a clear pattern. According to him, strategic orders worth Rs 1,200 crore were withheld, working capital was stopped and the SBI bank guarantee was withdrawn without explanation.
These moves, he said, signalled the government was not interested in reviving HEC. The leaders also said that HEC's operational capacity has been steadily weakened. Worksh...