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The CITU through a Press Release has strongly condemned the government move to sell the residual shares of BALCO and HZL, which will convert these PSUs in to private companies.
The Government has 29.5% share in HZL and 49% in BALCO. They are also cash rich PSUs. By privatising these PSUs, the government is handing over these profitable companies completely to the private.
We also strongly protest this action of the government and support the agitation of the workers in these PSUs.