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RS question 1467 on sick PSEs

Rajya Sabha question 1467 on sick PSEs

GOVERNMENT OF INDIA MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES DEPARTMENT OF PUBLIC ENTERPRISES 

RAJYA SABHA 

UNSTARRED QUESTION NO. 1467 
TO BE ANSWERED ON 10.03.2016 

PSUs running in losses 1467: SHRI T. K. RANGARAJAN: 

Will the Minister of HEAVY INDUSTRIES AND PUBLIC ENTERPRISES be pleased to state:

(a) the number of PSUs running in losses/closed down/on the verge of closure during last three years and current year, year-wise and State-wise; and
(b) the details of PSUs, that have been sold during last three years, State-wise? ANSWER THE MINISTER OF STATE FOR HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI G. M. SIDDESHWARA)
(a) and (b): As per information available in Public Enterprises Survey 2012-13, 2013-14 and 2014-15 laid in the Parliament in respective years, the details of loss making and closed down Central Public Sector Enterprises (CPSEs) for the last 3 years are given below:

Year: 2014-2015
Loss incurring CPSEs : 77
Closed CPSEs:
(1) Tyre Corporation of India Ltd.
(2)Hindustan Vegetable Oils Corporation Ltd.
(3) Triveni Structurals Ltd.
(4) Power Equity Capital Advisors Pvt. Ltd.

Year: 2013-2014
Loss incurring CPSEs : 70
Closed CPSEs: NIL

Year: 2012-2013
Loss incurring CPSEs : 78
Closed CPSEs: NIL


Out of the 235 operating CPSEs, 44 CPSEs have negative net worth continuously for the last 3 years. The year-wise and State-wise detail of these CPSEs is given at Annex. No CPSE has been sold during the last three years i.e. 2014-15, 2013-14 and 2012-13.


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Annex – 1
Annex - 1 referred to in reply to part (a) of the Rajya Sabha Unstarred Question No.1467 for reply on 10.03.2016 regarding Profit making CPSEs.

Ministry-wise list of sick CPSEs registered with BIFR as on 31.03.2015


Declared ‘No Longer Sick’
1. Vignyan Industries Ltd.  - Ministry of Defence
2. North Eastern Regional Agri. Marktg. Corpn. - Ministry of Development of North Eastern Region
3. Bharat Coking Coal Ltd. - Ministry of Coal

Dropped (Positive Networth)
4. Bharat Immunologicals & Biologicals Corpn. Ltd.  - Department of Biotechnology
5. Hindustan Salts Limited, - Department of Heavy Industries
6. Projects and Development India Ltd. - Department of Fertilizers
7. Hindustan Insecticides Ltd.  - Department of Chemicals & Petrochemicals
8. Hindustan Organic Chemicals Ltd. - Department of Chemicals & Petrochemicals
9. Tyre Corporation of India Ltd. - Department of Heavy Industries

Dismissed as ‘Non-maintainable’
10. Nagaland Pulp & Paper Co. Ltd. - Department of Heavy Industries
11. Manipur State Drugs & Pharmaceuticals Ltd. - 
12. Central Coalfields Ltd. - Ministry of Coal
13. Biecco Lawrie Ltd. - Ministry of Petroleum

Scheme Sanctioned by AAIFR
14.Hindustan Vegetable Oils Corpn. Ltd.  - Ministry of Consumer Affairs, Food & Public Distribution, Department of Food & Public Distribution

Revival Scheme sanctioned
15. The British India Corpn. Ltd. - Ministry of Textiles
16. Braithwaite & Co. Ltd. - Department of Heavy Industries
17. National Instruments Ltd. - Department of Heavy Industries
18. National Jute Manufactures Corporation Ltd. - Ministry of Textiles
19. Instrumentation Ltd. - Department of Heavy Industries
20. Hindustan Fluorocarbons Ltd. - Department of Chemicals & Petrochemicals
21. Cement Corporation of India Ltd. - Department of Heavy Industries
22. Hindustan Antibiotics Ltd. - Department of Pharmaceuticals
23. Eastern Coalfields Ltd. - Ministry of Coal
24. Andrew Yule and Company Ltd. - Department of Heavy Industries
25. Bharat Heavy Plates and Vessels Ltd. - Department of Heavy Industries
26. HMT Machine Tools Ltd.  - Department of Heavy Industries
27. Birds Jute and Exports Ltd.  - Ministry of Textiles
28. ITI Ltd. - Ministry of Communications & Information Technology, Department of Telecommunications

Winding up Recommended
29. Triveni Structurals Ltd.  - Department of Heavy Industries
30. Heavy Engineering Corpn. Ltd. - Department of Heavy Industries
31. Orissa Drugs & Chemicals Ltd. - Department of Pharmaceuticals
32. Hindustan Photofilms Mfg. Co.Ltd. - Department of Heavy Industries
33. Maharashtra Antibiotics & Pharma. Ltd. - Department of Chemicals & Petrochemicals

CPSEs recommended for winding up and have been ‘closed’
34. Bharat Gold Mines Ltd., - Ministry of Mines
35. Tannery and Footwear Corporation of India Ltd. - Department of Heavy Industries
36. Cycle Corporation of India Ltd. - Department of Heavy Industries
37. Mining and Allied Machinery Corporation Ltd. - Department of Heavy Industries
38. National Bicycle Corporation of India Ltd. - Department of Heavy Industries
39. Bharat Process and Mechanical Engineers Ltd. - Department of Heavy Industries
40. Weighbird India Ltd. - Department of Heavy Industries
41. Bharat Brakes & Valves Ltd. - Department of Heavy Industries
42. Cawnpore Textiles Ltd. - Ministry of Textiles
43. Smith Stanistreet & Pharmaceuticals Ltd. - Department of Chemicals & Petrochemicals
44. Bharat Ophthalmic Glass Ltd. - Department of Heavy Industries
45. Southern Pesticides Corporation Ltd. - Department of Chemicals & Petrochemicals
46. Rayrolle Burn Ltd., - Department of Heavy Industries
47. Pyrites, Phosphates & Chemicals Ltd. - Department of Fertilizers

Others / Abated / Deregistered from BIFR
48. Bharat Pumps & Compressors Ltd. - Department of Heavy Industries
49. The Elgin Mills Co. Ltd. - Ministry of Textiles

Draft Revival Scheme (DRS) Awaited
50. Indian Drugs and Pharmaceuticals Ltd. - Department of Chemicals & Petrochemicals
51. Scooters India Ltd. - Department of Heavy Industries
52. Richardson & Cruddas (1972) Ltd. - Department of Heavy Industries
53. Fertilizers Corpn. of India Ltd. - Department of Fertilizers
54. Hindustan Fertilizer Corpn. Ltd. - Department of Fertilizers
55. Burn Standard Co. Ltd. - Department of Heavy Industries
56. NEPA Ltd. - Department of Heavy Industries
57. Bharat Wagon & Engg. Co. Ltd. - Ministry of Railway
58. Hindustan Cables Ltd. - Department of Heavy Industries
59. Tungabhadra Steel Products Ltd. - Department of Heavy Industries
60. HMT Bearings Ltd. - Department of Heavy Industries
61. Madras Fertilizer Ltd. - Department of Fertilizers

Failed & Reopened
62. Bengal Chemicals & Pharmaceuticals Ltd. - Department of Pharmaceuticals

Remanded by AAIFR
63. Bengal Immunity Ltd. - Department of Chemicals & Petrochemicals