HEC’s Key Role in Chandrayaan-3 Despite Bankruptcy
HEC’s Key Role in Chandrayaan-3 Despite Bankruptcy
Heavy Engineering Corporation Limited is a public sector undertaking that was established in 1958. It is a major manufacturer of capital equipment and machinery for the steel industry. The HEC also has a strong design and engineering capability.
HEC Limited, a public sector enterprise in India, is bankrupt. The company has been struggling financially for many years, and its debts have finally become too much to bear. In 2021, HEC was referred to the National Company Law Tribunal (NCLT) for bankruptcy proceedings. The NCLT appointed a liquidator to oversee the company’s assets and liabilities.
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