HMC. Some sources said in the past some top guns had ordered sugar plant for their factory at lower price and the HMC management entertained them because of their influence.
However, the experts, who had worked in this organization, said the organization touched this lowest level because of ‘mismanagement’ of last one decade by those who remained at the helm but failed to discharge their responsibilities to this sinking ship afloat.
At the moment, the HMC can be saved from complete collapse on immediate basis if it remains able to get order from Naltar power project where the government wants to generate 14.4 MW electricity.
The HMC’s former director Hasnain Akhtar, who had also served as former MD Heavy Electrical Complex (HEC), when contacted by The News on Saturday, said this entity required a comprehensive restructuring plan to resolve its technical, financial and human resource problems in order to make it a profitable organization.
“Without a comprehensive restructuring plan, the HMC cannot be revived,” he added. The HMC, he concluded, required an independent study for making a plan on short, medium and long term basis to achieve its turnaround.
Now the government has appointed Mohammad Ali, a DMG officer, as the new MD who assumed his charge on last Friday.
When contacted by The News on Saturday, Mohammad Ali said he would make a comprehensive plan with timelines to turnaround this organization as soon as possible.
“I have taken this responsibility as a challenge and will work hard to achieve results,” he added.
He said the HMC had mainly relied upon sugar industry which was now causing them problems. Now the HMC will diversify its work where billions of rupees projects will be brought into pipeline.
Ali said he had achieved a turnaround with dedication and hard work where the generation capacity for making electricity transformers was increased by implementing a workable plan.
“I will run the HMC on the pattern of projects where targets will be achieved with exact timelines,” he added.
He also said they had released the salary of employees for September and the remaining dues will also be cleared.