SAIL, BHEL, HMT identified to takeover three sick PSUs

NEW DELHI: Government has identified three sick PSUs which will be either merged or taken over by SAIL, BHEL and HMT, Parliament was informed today.

The three sick PSUs are Praga Tools Ltd, Bharat Heavy Plates Vessels Lts and Bharat Refractories Ltd, Minister of State for Finance Nirmala Sitharaman said in a written reply to the Lok Sabha.

Hindustan Machine Tools (HMT), Bharat Heavy Electricals Ltd (BHEL) and Steel Authority of India Ltd (SAIL) have been identified to take over the above mentioned three PSUs.

"On the recommendation of the Board for Reconstruction of Public Sector Enterprises (BRPSE), concerned administrative ministries/departments have taken approval of the competent authority for the mergers/takeovers," she added.