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Cabinet today approved financial restructuring and strengthening of M/s. Bridge & Roof Company (India) Limited (B&R).Kolkata. The approved proposals included
a) Conversion of outstanding Government of India loan of Rs.11.01 crore as on 31.03.2004 into equity.
b) Waiver of outstanding interest of Rs.31.91 crore on Government of India loans as on 31.3.2004.
c) Provision of Plan Assistance of Rs.60 crore of which 50% will be plan loan and 50% will be equity.
YSR/DS/CS
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