Bharatiya Mazdoor Sangh has offered, on behalf of the workers in the Power Grid Corporation, to buy equity worth ₹20,000 crore to prevent the Government’s reported plan to privatise two transmission lines in the Public Sector Undertaking.
‘Condemnable plan’
The trade union said in a letter to Power Minister RK Singh that this decision by the Power Ministry is “condemnable” especially as the Centre presently owns just 55.37 per cent of Power Grid’s shares.
The letter reminded the Government that it was 11,000 workers that built the Power Grid as a major public sector undertaking. BMS’s national executive member and in-charge of the organisation in Power Grid and other PSUs Girish Chandra Arya said the workers are ready to buy the equity in Power Grid to help the Centre.
