A highly placed Petrofils officer told Express Newsline on Thursday that the scheme based on the techno-economic revival package prepared by Crisil Advisory Services would be submitted in 10-days time. Among the suggestions of Crisil to revive country's only co-operative in synthetic yarn sector, included closing down the Vadodara plant and running only Valia plant or giving more than Rs 500 crore to revive Petrofils or complete closure and introducing voluntary retirement scheme.

The officer said Petrofils was trying to request the GEB to start at least the lighting connections (power supply in its offices). GEB had snapped the power connections about four days ago when the company failed to pay the dues.

The State High Court had given a stay against disconnection till December 15 on the condition that Petrofils paid the bills of October and November, the officer said, adding that the amount came around to Rs 2 crore. Total dues over a period of one and a half years to the GEB and Gujarat Industries and Power Corporation Limited (GIPCL) came to more than Rs 17 crore.

Earlier, the company had already shut the plants fearing disconnection. The officer said they would seek the Central Government's intervention for restarting the power supply in plants only when something was worked out to revive the units.

He said to start with the company would require at least Rs 10 crore and a monthly assistance of Rs 2 crore to pay salaries. The workers' salary of November has not been paid.