HEC in worst condition till now, production of 60-70 crores is possible in current year, running in loss since 2014


The manufacturing in HEC which goes by extreme financial disaster is repeatedly reducing. The scenario has turn out to be such that the corporate is within the worst situation since its inception until the monetary 12 months 2021-22. The HEC official mentioned that within the present monetary 12 months 2022-23, solely Rs 60 to 70 crore is predicted to be produced. The principle purpose for that is the acute scarcity of uncooked supplies.

At current, many retailers are mendacity closed in all of the three vegetation of HEC – HMBP, FFP and HMT. The businesses giving the work orders have additionally given ultimatum to HEC to finish the work orders on time by correspondence. Salaries of the final 14 months to the officers and 13 months to the personnel are excellent. The officers have been agitating since December for the demand of wage.

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241.68 crore loss in 2014-15

144.77 crore loss in 2015-16

82.27 crore loss in 2016-17

446 crore revenue in 2017-18 (resulting from giving land to state authorities)

93 crore loss in 2018-19

405.37 crore loss in 2019-20

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