"If disinvestment is executed then this land will go in the hands of private player Whereas by strategic disinvestment of Government of India shareholding of 30.8 per cent the government will get only Rs 10,780 crore," it said.
It also said that CONCOR was given Rs 65 crore in the year 1989-90 towards paid up capital, and till date the PSU has paid back Rs 8000 crore to the government directly.
The total turnover was Rs 7216.14 crore in last FY 2018-19 with total profit of Rs 1689 crore, it said.
"In view of the above I humbly request you that the employee of CONCOR who is the main stockholder which built this company with their hard work and toil so that it grows by leaps and bounds to new heights but in this process of disinvestment and strategic sale they are being ignored and no initiative for talks with CONCOR employees Union has been taken by the government.
"As a result there is fear among employees regarding sudden change of service conditions and ambiguity regarding facilities and their rights," the statement signed by the employees union President, Binay Kumar Choudhary, said.
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