This is despite giving all the concessions under the sun in the name of MIP, when steel is cheap outside. Now these bogus companies referred in your article that cheated more than a lakh crore under bank loans, that could not turn around despite illegal mining of iron ore and coal, despite poor wages to workers in their Cos., but assisting political parties with slush money. The Govt. owned companies are burdened with wage bill despite poor production and poor demand.
