Ranchi’s Heavy Engineering Corporation (HEC), the mother of all industries, on death bed for three decades
Ranchi’s Heavy Engineering Corporation (HEC) has struggled for decades, unable to pay its 1,300 employees for over two years. Despite having substantial work orders, it lacks working capital. Modernization was suggested, but government revival plans lag. Rumors persist that the Centre favors private firms for lucrative contracts over reviving HEC.
