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Protection tools maker CEL firm bought: property price 2800 crores bought for 210 crores, 1100 staff mobilized in Ghaziabad; letter to PM

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Protection tools maker CEL firm bought: property price 2800 crores bought for 210 crores, 1100 staff mobilized in Ghaziabad;  letter to PM

Central Electronics Restricted Firm based mostly in Ghaziabad.

Ghaziabad (UP)’s Central Electronics Restricted (CEL), which manufactures many protection tools together with radars, was given to non-public fingers on 29 November 2021. It’s believed that from April-2022, Nandal Finance will begin its operation. The workers are mobilized about this. A letter has been despatched to all essential ministries together with PMO, Protection Ministry in the entire matter. It’s alleged that the federal government bought property price Rs 2800 crores for Rs 210 crores to an organization which is on the blacklist facet and doesn’t even have expertise within the protection sector.

All defense related equipments are made in CEL, Sahibabad.

All protection associated equipments are made in CEL, Sahibabad.

This firm makes radar, instance tools
Central Electronics Restricted in Sahibabad, Ghaziabad was established within the 12 months 1974 by the Ministry of Science and Expertise of the Central Authorities. It’s mentioned that this firm was the primary to fabricate photo voltaic panels within the nation. At current, this firm manufactures a section management module machine which is put in within the antenna of the radar. The rhodome, which is main within the instance, can also be ready right here. Aside from this, all protection equipments are made. CEL holds about 65% of the railway security tools market. There are 1100 staff working on this firm, out of which about 300 staff are everlasting.

This company was established by the Central Government in the year 1974 in Ghaziabad.

This firm was established by the Central Authorities within the 12 months 1974 in Ghaziabad.

Privatization to start in 2016, bid finals in 2021
The privatization of this firm was began by the Central Authorities within the year-2016. Monetary bids have been invited until 20 June 2019 however no purchaser got here. After this the corona an infection unfold in 2020. Then its date was prolonged to fifteen July 2020. Throughout this three tenders have been acquired. The federal government made the situation that the corporate could be operated for 3 years and the job assure of the workers could be at the very least one 12 months. Union Ministers Nitin Gadkari, Nirmala Sitharaman and Jitendra Singh, who’re included within the Cupboard Committee on Financial Affairs of the Central Authorities, made this bid on 29 November 2021 within the identify of M/s Nandal Finance and Leasing Pvt Ltd for Rs 210 crore.

Employees have been agitating against privatization for several days.

Staff have been agitating in opposition to privatization for a number of days.

Staff union mentioned – CEL’s price is Rs 2800 crore
In response to Sanjay Kumar, working president of CEL Staff Union, the present circle fee of fifty acres of the corporate’s land is Rs 440 crore. Within the monetary 12 months 2020-21, with a turnover of Rs 296 crore, this firm obtained a revenue of 24 crores, regardless of repaying all of the liabilities. At current, this firm has obtained orders price Rs 1500 crores. The estimated price of this firm together with Rs 34 crore constructing price, Rs 67 crore VRS, Rs 25 crore wage and arrears works out to round Rs 2800. The full annual turnover of the corporate to which the federal government has given the bid is Rs 12 crore. Staff have been agitating for the previous a number of days underneath the banner of Staff Union in opposition to privatization.

Councilor mentioned – disinvestment course of ought to be canceled
Ward-84 councilor Rajendra Tyagi in Ghaziabad has despatched a letter in opposition to privatization to PM Narendra Modi on Thursday. On this, he has mentioned that this restricted is being bought to Nandal, an organization that has no expertise within the protection sector. With privatization, staff will come on the highway. It is going to additionally instantly play with the protection of the nation. He has demanded the cancellation of the disinvestment means of CIL.

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