At least five Public Sector Undertakings (PSUs) under the Government of India are on the verge of closure due to various financial and operational challenges. These PSUs are:
- HMT (Watches Limited) (a subsidiary of HMT Ltd)
- Hindustan Cables Limited
- Tungabhadra Steel Products Limited
- Bharat Pumps and Compressors Limited
- Scooters India Limited
These companies have faced ongoing struggles with maintaining profitability and meeting operational targets. The impending closures highlight concerns about the sustainability of certain state-owned enterprises in India.
Also Read: 15 Public Sector Undertakings Are Under Liquidation
