Cabinet committee approves the closure of Hindustan Fluorocarbons plant in Telangana

The Cabinet Committee on Economic Affairs, CCEA today approved shutting down the operations of the plant and unit of Hindustan Fluorocarbons Limited, HFL and closure of the company. HFL is a Central Public Sector Enterprise under Department of Chemicals and Petrochemicals. HFL has only one plant located at Rudraram, District Sangareddy in Telangana. Government granted a interest free loan of over 77 crore rupees to HFL for expenditure exclusively on closure.