The 33r{+d}general body meeting of the Instrumentation Workers Union held here on Tuesday in a resolution urged the Union government to merge the Central public sector Instrumentation Limited (IL) unit of Palakkad with Bharat Heavy Electrical Limited (BHEL).

Inaugurating the meeting, M.B. Rajesh, MP, said the Palakkad unit, which had been making good profit from the very beginning, was facing problems because of diversion of its funds to the loss-making units of the company in Kota and elsewhere in the country.

The IL unit should be merged with the Navaratna category company BHEL as a way out to solve the problems.

    He said the unit was facing acute shortage of working capital. Because of non-payment of costs, supply of raw materials had been stopped causing delay in execution of orders. Following this, the BHEL had cancelled some orders.

   Mr. Rajesh said that during the financial year 2010-11, the IL unit had achieved an all-time high turnover of Rs.103.5 crore. So, an early decision should be taken on the merger.

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