 The German Combine will be appointed the technical consultarlts and will receive a fixed iee of about Rs.2.10 crores, which works out to about 3 per cent, on the estimated cost No royalties are payable and no bonus shares will be issued The management of the company will be vested in a board, in which the Government and the Combine will have representation proportionate to their respective investments.The
Chairman and the Managing Director will be the nominees of Government, thereby reserving to Government the control and overall management of this vital industry.