SHILLONG, March 24 � Meghalaya Chief Minister Mukul Sangma today said the State government has earmarked Rs 10 crore as equity for the State�s oldest public sector cement company, the Mawmluh Cherra Cement Ltd (MCCL) which is facing financial trouble.
The Chief Minister said that since MCCL is a public sector undertaking, the government has certain commitment towards its up-keep, even though a lot of public money has already been used to modernize the plant.
�The government has released Rs 85 crore as equity over the years and Rs 10 crore has been earmarked for the year 2015-16,� he said during the Question Hour.
While the company�s 500 plus employees are yet to get their five month�s salary after the closure of the old plant, the Chief Minister informed that monthly expenditure for staffs� salary is Rs 1.3 crore. He said the MCCL ought to take care of its own obligation to its workers. � PTI