Revival of Scooters India Limited, Lucknow
The Union Cabinet today approved the revival of Scooters India Limited, Lucknow (SIL) through infusion of funds of Rs. 90.38 crore as capex/working capital and financial restructuring through waiver/conversion of Government of India loan/interest to the tune of Rs.111.58 crore. The Cabinet also approved the 2007 pay scales to the employees as per the Department …