CITU has issued the following Press Release against Disinvestment / Privatisation of BHEL, HAL and ETL. The same is reproduced below:

As per media reports, the Union Finance Ministry have decided to sell shares of Bharat Heavy Electricals Limited (BHEL), Hindustan Aeronautics Limited (HAL) and Engineers India Limited (EIL) through block deal route.
This decision is being taken despite vehement opposition from various departments including the Department of Heavy Industries, which is the administrative ministry of many PSUs. BHEL is a Maharatna Public Sector Undertaking and these strategic PSUs have a huge cash reserve which could have been used for its expansion and diversification plans – instead resorting to sell out. However, the UPA Govt. wanted to shore up finances to contain the fiscal deficit.

The Centre of Indian Trade Unions (CITU) denounces the decision of the UPA Government to sell shares of these premier Public Sector Undertakings and calls upon the trade union movement and the workers and employees in the country to unitedly protest and resist such anti-people moves of the government to the detriment of national interest.