Losses mount, more PSUs face merger

Faced with severe financial crisis, the Himachal Government could go in for merger of some more loss-making boards and corporations. As many as 12 of the 22 public sector undertaking (PSUs) are in the red.

Though proposal for merger of these loss-making PSUs had been under the consideration of the successive regimes it is Congress regime, headed by Chief Minister Sukhvinder Singh Sukhu, which has finally taken a decision on going ahead with the move. In the last Cabinet meeting, nod was given for merger of the Agro Industries Corporation with the HPMC, which had suffered a loss of Rs 87 crore in 2021-22.