HEC Will Sell 500 Acres Of Land To Raise Rs 5500 Crore, Waiting For Green Signal From Industry Ministry-Jharkhand Government
HEC, which is facing financial crisis, is preparing a proposal to sell its 500 acres of land to Smart City. The company is expected to get approximately Rs 5500 crore from this sale, which will be used to clear employee dues and modernisation. Permission is awaited from the Ministry of Heavy Industries and Jharkhand Government, because no new economic package will be received from the Centre.