January 17, 2020
Even some of those which had recorded big profit margins until recently
Though Mr Sharma has vehemently denied the charge asserting that he himself is
victim of a particular lobby after he tried to address the issue of corruption
within the JKCL, Husan Ara Watali, the finance adviser, has in a letter written
to the commissioner/secretary (industries and commerce department) to the
J&K government corroborated Ms Gul’s complaint.
The suffering employees and
other stakeholders have now decided to approach chief minister Mehbooba Mufti to
seek her intervention towards salvaging JKCL. After facing harassment and even
being allegedly abused by in-charge managing director Atul Sharma, she has
sought voluntary retirement citing health issues. It has also been a sad story
of misuse of authority, corruption, political favouritism and nepotism.
She said
that she was present in an official meeting when Mr Sharma used
"unparliamentarily and abusive language†against Ms Gul.One of the enterprises
which was earning profits for its owners but has starved for good people
resulting into its imminent collapse is Jammu and Kashmir Cements Limited
(JKCL).But their real or purported "sickness†is an outcome more of
mismanagement, corruption, nepotism and political interference than a
repercussion of the turbulence or any market woes.
We also trust and hope she
will ensure those who are responsible for the present predicament are severely
dealt under the law as she has publicly committed herself to getting the state
rid of corruption after taking over as the chief minister recently,†said an
official. They virtually filled their own coffers after stealing from that of
the government. The Kashmir Inc.He pointed out that a probe conducted by a
4-member team constituted by industries and commerce department last year had
held former MD, R. Also, China
large capacity automatic filling machine detailss Manufacturers 16 crore
worth shortfall was detected in raw material and cement some time back.â€
Insiders
also said that irregularities have been detected in purchase of machinery,
upgradation of old plant, procurement of raw material and maintenance of the
equipment from time to time.Meanwhile, the officials who resented shady moves
within the JKCL in particular purchase of inferior quality imported coal from
local dealers in violation of laid down procedure, a case which is already being
investigated by the State Vigilance Organisation, are being harassed by the
"blue-eyed†executives. Ms Watali said that she has worked in the JKCL for over
30 years and besides being a senior female officer herself can only say Mr
Sharma’s behaviour is "unacceptable and intolerableâ€. Some of these executives
are not even qualified to hold the positions they are in but it is their clout
in the corridors of power which keeps them going.
Even some of those which had
recorded big profit margins until recently are now in shambles.JKCL began as a
600 TPD cement plant in the village of Khrew in the state’s southern Pulwama
district in 1971. It was also authorised to set up a 300 tonnes per day clinker
grinding-cum-packing unit at the Industrial Growth Centre (IGC) at Samba near
Jammu. The company posted a profit of about Rs 2. The latest victim of this
bigotry and retribution is Iffat Gul, deputy manager (finance). The private
player taking the advantage of the situation moved the PPP proposal before the
state government and has even offered to settle the issue of payments with the
employees if the same is through.K.. In fact, some unscrupulous elements within
these organisations and outside forces and other vested interest have only
seized the Kashmir situation to further their own interests. Insiders say that
there have been deliberate efforts on part of vested interests to turn the
public sector undertaking a "sick unit†to pave the way for its being leased out
to a prominent business house of the Valley. "This with backdoor appointments
has ruined the once profit-earning JKCL,†said an employee. But no action has
been taken against him either so far and the case is gathering dust in the
vigilance organisation.The two-and-a-half-decade-old turmoil in Jammu and
Kashmir has seen many of its public sector undertakings and other government-run
businesses falling under red. She also sees it as wanton disrespect towards the
dignity of women "besides disturbs the smooth functioning of office.
Paradoxically, the proposal is being promoted even by some key players in the
government and that too at a time when requisite measures for revising the JKCL
to make it a profit-making unit again had been recommended by some sincere
engineers, technocrats and concerned government officials as well. In 2006-2007,
the authorities installed another 600 TPD plant in an effort to bridge the huge
gap between demand and supply of cement. It soon turned out to be one of the
profitable public sector undertakings in Jammu and Kashmir and even flourished
during the heyday of insurgency in 1990s. He was also accused of "misleadingâ€
the government on clinker grinding-cum-packing unit at Samba. Razdan,
responsible for illegal appointments, purchasing of sub-standard items and other
irregularities causing over Rs 100 crore loss to the JKCL. has urged the
government to initiate immediate measures to take the JKCL out of distress.28
crore in 2009-2010 fiscal and continued to show a good profit performance till
2012-2013 but then suddenly reduced its earnings expectations.
The
two-and-a-half-decade-old turmoil in Jammu and Kashmir has seen many of its
public sector undertakings and other government-run businesses falling under
red.He added that the JKCL has a potential of earning huge profits even after
providing employment to over 1,000 semi-skilled, skilled, specialised and
super-specialised workers besides more than 200 distributors and sub-dealers who
are engaged in its cement sales promotion. But "political interventions†have
always come to the rescue of those involved in the scams. It seems the failure
is manipulated than real. The site for the ambitious plant was chosen for being
surrounded by hills full of high quality limestone deposits
Posted by: packagingmachinery at
01:11 AM
| No Comments
| Add Comment
Post contains 976 words, total size 7 kb.
15kb generated in CPU 0.0052, elapsed 0.0281 seconds.
33 queries taking 0.0238 seconds, 46 records returned.
Powered by Minx 1.1.6c-pink.
33 queries taking 0.0238 seconds, 46 records returned.
Powered by Minx 1.1.6c-pink.