With a trimming of its size and recurrent cash infusions failing to make the state-run National Textile Corporation (NTC) operationally viable, the Centre is finally putting the loss-making company on the block. All through the last two decades and more, NTC has been incurring losses, but it made a technical profit of $969 crore in FY17 as it accounted for the capital gains from the sale of a clutch of prime properties and land parcles in Mumbai and elsewhere.
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