February 8, 2017
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Winding up petition for a trading public sector undertaking while another firm pursues a revival plan under DPE guidelines.
Six Central Public Sector Undertakings - MMTC Ltd., State Trading Corporation of India Ltd., STCL Limited, PEC Ltd., ECGC Limited and Indian Trade Promotion Organization - are trading PSUs; all are profit-making except STCL Limited, against which a winding up petition is pending, and PEC Ltd., which has incurred losses and has commissioned a consultancy study to prepare a Revival plan under Department of Public Enterprises guidelines.