Business

5000 EMPLOYEES WILL GO JOB LESS AS GOVT. WANTS TO SELL THDC !!

5,000 employees (1,900 permanent and 3,100 outsourced) posted in Uttarakhand, Delhi, Uttar Pradesh and other states.

THDC India Limited is a Joint Venture of Govt. of India and Govt. of Uttar Pradesh. The Equity is shared in the ratio of 75:25 between GoI and GoUP. The Company was incorporated in July’ 88 to develop, operate & maintain the 2400 MW Tehri Hydro Power Complex and other hydro projects. The Company has an authorised share capital of ` 4000 cr. THDCIL is a Mini Ratna Category-I and Schedule ‘A’ CPSE. The initial ma ndate of THDCIL was to develop, operate and maintain the 2,400 MW Tehri Hydro Power Complex (comprising of 1000 MW Tehri Dam & HPP, 1000 MW Tehri Pumped Storage Plant & 400 MW Koteshwar HEP) HEP) and other Hydro Projects.

The Union government’s decision to dilute its controlling stake in THDC India has not gone down well with the employees of the hydro-electric power company. They believe that the proposed move will hit 5,000 employees (1,900 permanent and 3,100 outsourced) posted in UttarakhandDelhiUttar Pradesh and other states.

Earlier this month, the central government had announced to kick off a strategic disinvestment exercise by inviting bids for sale of its stake in THDC India, Container Corporation of India and North Eastern Electric Power Corporation Limited (NEEPCO).

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