Tag Archives: HLL

Agitation against privatisation of HLL Life Care Limited

24 Saturday Jun 2017

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The decision of the central government to privatise the HLL Life Care Limited, the PSU manufacturing contraceptives etc. stationed at Thiruvananthapuram, is strongly opposed by the 20,000 workforce as well as the trade unions in the city. Stated in the 1970s, the Hindustan Latex Limited 9 the former name of HLL Lifecare Limited), the company has grown in a big way with continuously posting year after year.
19 acres of prime land was allotted by the government for the HLL at the nominal rate of Rs.2? and the Tamilnadu and Karnataka Governments also have contributed. There is anger and frustration among the workers and the local people, since a good percentage of the workers belong to the area itself. Realising the anger, the HLL management has now proposed to the government 49% stake sale.

Neither there is any need for stake sale nor privatisation. CITU, along with the union in HLL have strongly protested privatisation. The company is running well, it is profitable and it is supporting the local people.The government should withdraw its proposal for privatisation/stake sale and allow the PSU to function as before.

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Stop Privatisation of HLL (Life Care) Ltd.

19 Monday Jun 2017

Posted by in PSU, Uncategorized

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The Central government’s move to privatise the HLL (Life Care ) Ltd. (former Hindustan Latex Ltd.) is ill-advised and against the interests of the country. This is the PSU which manufactures contraceptives and which has been effectively used for the last many years. The company is profitable. Thousands of workers are employed there.

In its eagerness to satisfy the  greed of the private corporates, this well running profitable PSU is being sold to the private. The workers and their unions have strongly opposed privatisation. Kerala M.P.s  have written to the Prime Minister demanding to keep the company as PSU.

The Central Government should drop the anti-people, anti-PSU move.

 

100% Disinvestment or Open sale of profitable PSU, HLL

15 Thursday Jun 2017

Posted by in Disinvestment, PSU

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The earlier plea of the government that the only the loss making PSUs are being sold, is now abandoned. Whether the PSU is profitable or not, it is going to be sold today or tomorrow. The design of the  government is very clear that all the PSUs, along with their land, will be handed over to the private corporates. There is no difference whether they are connected with the security of the nation, whether they are public services or in any  most important sector.

The latest information is that the profitable Hindustan Latex ( HLL Lifecare Limited ), a Mini Ratna company, is being sold with 100% disinvestment. It has a net revenue of 1,127 crores  and profit of Rs. 31 crore in 2015-16. This PSU has been profitable for continuously and situated in Kerala.