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Drumbeat: Ad Buzzaar
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Thursday, July 9, 1998
Government mulls NTC revival strategy
PRESS TRUST OF INDIA
NEW DELHI, JULY 8: A turnaround strategy is on anvil to revive 79 of the 119 sick National Textile Corporation (NTC) mills, the government said today."The strategy will be keeping in view the Board for Industrial and Financial Reconstruction (BIFR) norms of networth of these mills turning positive within the period prescribed by BIFR," a press release said. The revival plan had been stalled due to problems in disposing of surplus lands with NTC mills in Maharashtra. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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