Business OpportunitiesRIL not cooperating in mill takeover, says Bihar minister
Mukesh Ambani-led Reliance Industries was not responding positively in connection with the contract awarded to it for revival of a closed sugar mill at Motipur in Bihar’s Muzaffapur district, state industry minister Gautam Singh said.
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Replying to a short-notice question of Shakeel Ahmed Khan (RJD), Singh said the state government had assigned the job of bidding for the closed state-run sugar mills to SBI Capital. RIL had emerged successful and was awarded the contract for revival of the Motipur sugar mill, for which it had to pay Rs 55 crore to the state government while taking up the liabilities related to employees, he said.
The minister said the private sector giant had so far paid Rs 5.5 crore out of Rs 55 crore and since then it was not cooperating with the state government, “as not a single official of the company had visited us for the takeover process”.