Bad Penny?

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A draft CAG review ressurects BALCO's ghost, giving ammo to those opposed to privatisation

Bad Penny?
Outlook
  • The profit-making psu should have fetched a far higher price.

  • The global advisor undervalued the company by Rs 302 crore.

  • Valuation of land and fixed assets was not properly undertaken.

  • Working capital of Rs 479 crore was not taken into account.

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