CPI’s Raja writes to PM, requests roll back of decision to privatise NALCO

CPI general secretary D Raja has written to Prime Minister Narendra Modi requesting him to roll back the government’s decision to privatise aluminium major NALCO.

In his letter, Raja said that there is widespread resentment among the workers to the move.

“We request you to roll back your government’s move to privatise the National Aluminium Company Ltd (NALCO). We vehemently oppose the disastrous plan of your government to implement 100 per cent strategic disinvestment in the National Aluminium Company Ltd by way of privatisation,” he said.

Raja said NALCO, which was established in 1981, is a Navaratna company under the Ministry of Mines and has been the top most Central Public Sector Enterprises (CPSE), producing and exporting high quality alumina and aluminium for the last 40 years.

“I want to draw your attention to the fact that there is widespread resentment among the people and workers in particular to the anti-worker and anti-people move,” he said.

It is also a fact that NALCO, since its inception, has been making profits and continues to have a consistent track record in production, productivity, technology upgradation, Raja said.

NALCO is the highest foreign exchange earner CPSE in the country. It has been giving sizable share of dividends to national and state exchequers as well as to the shareholders, he said.

In the light of these, “I request you to reconsider the move in the best interests of the country, workers and people. Hope you will take positive steps in this regard”, Raja said in his letter to the prime minister.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor