Union trouble erupts again at HSCL after management alleges assault on CFO

Trouble revived in the company after contractual staff pushed for making them permanent staff

After the signing of an agreement with workers and executives after the acquisition of Hindustan Steel Works Construction Ltd (HSCL) by NBCC (India) Ltd, trouble has erupted again at this state-owned firm, with the management alleging unwarranted trouble from the contractual employees union and the union, in turn, alleging violation of terms as per a previously concluded agreement.

After NBCC took over 51 per cent equity in the hitherto loss-making HSCL in 2017, thereby infusing Rs 357 million, and the Centre infusing another Rs 340 million, it was decided that the corporate office of HSCL will be relocated to Delhi