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{{EngvarB|date=February 2017}}
{{Use dmy dates|date=February 2017}}
{{Infobox company
| name = Hindustan Cables Limited
| logo =
| caption =
| type =
| traded_as =
| genre = 
| fate =
| predecessor =
| successor =
| foundation = 1952
| founder =
| defunct = 
| location_city = [[Kolkata]], [[West Bengal]]
| location_country = [[India]]
| locations =
| area_served =
| key_people =
| industry =
| products =
| services =
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| operating_income =
| net_income =
| aum = 
| assets =
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| owner =
| num_employees = 2,818
| parent =
| divisions =
| subsid =
| homepage = {{URL|hindcables.gov.in}}
| footnotes =
| intl =
}}
'''Hindustan Cables Limited''' (HCL) was a government-owned company that made telecom cables in [[India]].
It was under the [[Ministry of Heavy Industries and Public Enterprises]].<ref name=self/>

==Foundation and growth==

Hindustan Cables was founded at [[Rupnarayanpur]] in [[Asansol]], West Bengal in 1952. Present headquarters is Kolkata.
The objective was to make India self-reliant in manufacturing communications cables.
The company has grown to make a broader line of products in locations in [[Hyderabad]] (Telangana), [[Naini]], Allahabad (Uttar Pradesh) as well as the original plant in [[Rupnarayanpur]]. In 1984 HCL acquired Machine Tool Works in [[Narendrapur]], Calcutta from [[Cycle Corporation of India]].
Products include jelly-filled and fibre-optic cables, telephone and computer cords.<ref name=self/>

==Decline==

HCL was profitable until 1994, but began incurring losses in 1995.<ref name=Kanoon20060817/>
The company was referred to the [[Board for Industrial and Financial Reconstruction]], which was unable to revive it.<ref>{{cite book |url=https://books.google.com/books?id=J8YGhhK5keUC&pg=PA220 |pages=220–221
|title=Strategic Management And Business Policy
|last=Kazmi
|publisher=Tata McGraw-Hill Education |year=2008 |isbn=978-0070263628}}</ref>
At one time the company had over 7,000 workers, but by August 2006 there were fewer than half that number and in 2003 [[Bharat Sanchar Nigam Limited]] (BSNL), the state-owned telecom provider, stopped placing orders. [[Tata Consultancy Services]] was brought in to review the situation and recommended investment to diversify into new product lines. On 17 August 2006 there was a debate in [[Lok Sabha]] on revival of HCL, whose employees were not being paid their salaries.<ref name=Kanoon20060817/>

==Revival==
In 2002 the ministry was considering merging HCL with the [[Ordnance Factory Board]].<ref>http://pib.nic.in/newsite/PrintRelease.aspx?relid=90062</ref> In the years 2011–13 proposal was submitted for handing over HCL to Ministry of Defence. Good progress has been made and restructuring is under way for the organisation. Several visits were made to the units by [[IOFS]] officers. Further action is underway, awaiting budget sanction, but nothing is held. Eighteen months' salary of employees are still pending.

==References==
{{reflist |refs=
<ref name=Kanoon20060817>{{cite web
|url=http://www.indiankanoon.org/doc/817842/
|title=Regarding revival of Hindustan Cables Limited and non-payment of salaries to its employees
|date=17 August 2006
|work=Kanoon
|access-date=2 May 2012}}</ref>
<ref name=self>{{cite web
|url=http://www.hindcables.gov.in/frame_profile.htm
|title=Company Profile
|publisher=Hindustan Cables
|access-date=2 May 2012}}</ref>
}}

{{authority control}}

[[Category:Manufacturing companies established in 1952]]
[[Category:Government-owned companies of India]]
[[Category:Defunct manufacturing companies of India]]
[[Category:Manufacturing companies disestablished in 2016]]
[[Category:Companies based in Kolkata]]
[[Category:Indian companies established in 1952]]
[[Category:Indian companies disestablished in 2016]]
[[Category:1952 establishments in West Bengal]]

{{India-company-stub}}
{{en-Wikipedia}}

Hindustan Cables - Revision history

CleanupBot at 17:56, 1 June 2021