The Cabinet Committee on Economic Affairs, CCEA yesterday approved shutting down the operations of the plant and unit of Hindustan Fluorocarbons Limited, HFL and closure of the company.
HFL is a Central Public Sector Enterprise under Department of
Chemicals and Petrochemicals. HFL has only one plant located at Rudraram, District Sangareddy in Telangana.
Government granted a interest free loan of over 77 crore rupees to HFL for expenditure exclusively on closure.