Saturday, Apr 27 2024 | Time 08:31 Hrs(IST)
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Business Economy


Govt approves proposal to turn Rajasthan Electronics and Instruments Limited into independent CPSE

New Delhi, Feb 3 (UNI) Government today gave its approval to separate profit-making Rajasthan Electronics and Instruments Limited (REIL) from its parent company Instrumentation Ltd and turn it into an independent central public sector enterprise.
The decision was taken at a meeting of the Cabinet Committee of Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi here.
REIL is a joint venture between Rajasthan State Industrial Development & Investment Corporation (RIICO) and Instrumentation Ltd, Kota, with 49 per cent and 51 per cent ownership, respectively. The Kota unit has been in the red for many years.

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