PUC shows concern over recurring loss of Rs 46.34 Cr to HPMC



Shimla: Chairman of Public Undertaking Committee(PUC) of Himachal Pradesh Vidhan Sabha Harinaryan Sani showed his concern for recurring losses to Himachal Processing and Marketing Corporation (HPMC), as its accumulated loss has been going up every passing year and has touched the figure of Rs 43.34 crore in year 2008-09.

Harinaryan Sani in current Vidhan Sabha laid 52nd report of HPMC in state assembly on Friday. The press release enclosed with the report highlights the plight of finical positions and working of state public sector unit painting grim picture of its finical implications. PUC said that number of over heads and purchasing of machinery on high prices were among the major reasons for its continuous deteriorating finical conditions despite effective steps taken by the government to contain the loss. Shocked over the accumulated loss of Rs 46.34 crore for year 2008-09, PUC observed that loss was widening with every passing year, which needed to be curbed to stop the sinking of unit in the finical mire. It pointed out that HPMC’S Parwanoo and Jarol based plants despite having practical constrains should work round the year. However, as the two plants could not run around the year, PUC recommended the government to chalk out an effective plan, so that entire men power could be utilized round the years.

Report also stressed the need to ensure the quality control of HPMC product. It noted that similar recommendations have already been made by PUC to not to compromise with the quality and it should be increased to utmost level, so that the state and corporation could keep its name high.

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