The Cabinet Committee on Economic Affairs has approved providing a grant of Rs.182.43 crore to Heavy Engineering Corporation Limited (HEC) Meeting for implementation of the Capital gains Tax Liability Arising out of its revival Package. HEC has an example of Set Package turnaround after the revival was sanctioned by the Government in December, 2005. The Company, which could make profits only in the years 1975-76, 1976-77 and 1988-89 since its inception in 1958, has been making profits for the last five years consecutively and is growing at a good pace.
