The disinvestment plan of the giant aluminium PSU Nalco received a major blow with Naveen Patnaik, chief minister of Orissa, raising strong objections to it. Patnaik has reportedly written a strongly-worded letter to Prime Minister Atal Bihari Vajpayee threatening "serious repercussions" if the Centre goes ahead with its plan to sell the Orissa-based aluminium major Nalco. The Orissa chief minister in his letter has stated that "there is serious resentment in the state cutting across party lines. If the central government proceeds further with the implementation of the recent CCD decision on privatising Nalco, I apprehend that any unilateral action by the central government in this very sensitive matter, without taking us on board, would have serious repercussions."
NSTL
