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Article: 12 pvt firms line up to revive 16 NTC mills.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 9, 2007
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12 pvt firms line up to revive 16 NTC mills
New Delhi, July 9 (PTI) - Indiabulls, Alok Industries, Alps Industries and Nitco Tiles are among a dozen of private sector firms that have shown interest in partnering National Textiles Corporation for modernising 16 mills of the state-owned company.
"Twelve companies have already made their presentations to us and are currently engaged in due diligence of the mills. They are visiting the mills to evaluate the investment required in machinery, technology upgradation and infrastructure," NTC Chairman and Managing Director K Ramachandran Pillai told PTI.
The companies have the option of partnering the ...