OREANDA-NEWS. April 22, 2015. The report of the consultant M/s. Institute of Public Enterprise (IPE), Hyderabad was received.

The major recommendation, inter-aila, of the report is merging of the IL unit (Palakkad) with any other major public Sector.

The report has noted that as noticed from the minutes of the BIFR or MDRS programme, the company has already explored the possibilities of merger and disinvestment of 51% of Instrumentation Control Valves Ltd. (ICVL) at Palakkad, Kerala. But, this could not be materialized. Hence, at this juncture, the company may explore any other possibility of merging of Instrumentation Ltd. with any other healthy company at a right proposition.

At present, the Government does not propose to merge the IL Palakkad with BHEL.

This information was given by Minister of State in the Ministry of Heavy Industries and Public Enterprises, Shri G.M. Siddeshwara in a written reply in Lok Sabha today.