Lok Sabha Question No. 4240 (UNSTARRED), answered on 2017-03-28
Subject: Revenue Loss due to Poor Management of PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: CHANDRAKANT BHAURAO KHAIRE, RAM TAHAL CHOUDHARY

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

## LOK SABHA UNSTARRED QUESTION No.4240 TO BE ANSWERED ON 28.03.2017

## Revenue Loss due to Poor Management of PSUs

## 4240: SHRI SHRI CHANDRAKANTA KHAIRE :

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

- (a) whether  it  has  been  reported  that  Public  Sector  Undertakings  (PSUs)  are  suffering revenue loss due to mismanagement;
- (b) if so, the details thereof during the last three years, PSU-wise;
- (c) whether the Government has taken any action against the management of any PSUs; and
- (d) if so, the details and outcome thereof?

## ANSWER

## THE MINISTER OF STATE FOR HEAVY INDUSTRIES AND PUBLIC ENTERPRISES

## (SHRI BABUL SUPRIYO)

(a) to (d): As per information available in the Public Enterprises Survey 2015-16, 43 Central Public Sector Enterprises (CPSEs) have incurred losses continuously for the last three year i.e. 201314, 2014-15 and 2015-16. The enterprises wise detail of losses is given in Annex. The reasons for the  losses  are  enterprise  specific.  Some  major  reasons  are  resource  crunch,  low  capacity utilization, old plant and machinery, stiff competition, weak marketing, mismanagement etc.

The day to day and strategic management of CPSEs is handled by the Board of Directors and the respective administrative ministries. Monitoring and evaluation of the performance of the CPSEs is also done annually through the MoU system

***********

## Central Public Sector Enterprises incurring Continuous losses for the last 3 years (Rs. in lakh)

|         |                                                                   | Continuous Net Loss during   | Continuous Net Loss during   | Continuous Net Loss during   |
|---------|-------------------------------------------------------------------|------------------------------|------------------------------|------------------------------|
| Sl. No. | Name of CPSEs                                                     | 2015-16                      | 2014-15                      | 2013-14                      |
| 1       | AIR INDIA LTD.                                                    | -383678                      | -585991                      | -627960                      |
| 2       | AIRLINE ALLIED SERVICES LTD.                                      | -19875                       | -18392                       | -22122                       |
| 3       | ANDAMAN &NICOBAR ISL. FOREST& PLANT.DEV.CORP.LTD                  | -4970                        | -4509                        | -4020                        |
| 4       | BENGAL CHEMICALS &PHARMACEUTICALS LTD.                            | -913                         | -1732                        | -3655                        |
| 5       | BHARAT PETRO RESOURCES LTD.                                       | -5449                        | -3429                        | -16617                       |
| 6       | BHARAT PUMPS &COMPRESSORS LTD.                                    | -7506                        | -5504                        | -524                         |
| 7       | BHARAT SANCHAR NIGAM LTD.                                         | -387992                      | -823409                      | -701976                      |
| 8       | BHARAT WAGON&ENGG.CO. LTD.                                        | -1526                        | -1568                        | -667                         |
| 9       | BHEL ELECTRICAL MACHINES LTD.                                     | -298                         | -396                         | -106                         |
| 10      | BIRDS JUTE &EXPORTS LTD.                                          | -464                         | -585                         | -265                         |
| 11      | BRITISH INDIA CORPORATION LTD.                                    | -9724                        | -9494                        | -9261                        |
| 12      | BURN STANDARD COMPANY LTD.                                        | -2837                        | -2466                        | -828                         |
| 13      | CREDA HPCL BIOFUEL LTD.                                           | -715                         | -507                         | -86                          |
| 14      | FERTILIZERS &CHEMICALS (TRAVANCORE) LTD.                          | -45219                       | -39991                       | -26495                       |
| 15      | FRESH &HEALTHY ENTERPRISES LTD.                                   | -2603                        | -1447                        | -3916                        |
| 16      | HINDUSTAN ANTIBIOTICS LTD.                                        | -7718                        | -7055                        | -8423                        |
| 17      | HINDUSTAN CABLES LTD.                                             | -99412                       | -93299                       | -78188                       |
| 18      | HINDUSTAN FLUOROCARBONS LIMITED                                   | -1111                        | -377                         | -2482                        |
| 19      | HINDUSTAN ORGANIC CHEMICALS LTD.                                  | -17391                       | -21549                       | -17685                       |
| 20      | HINDUSTAN PAPER CORPORATION LTD.                                  | -37014                       | -33129                       | -11850                       |
| 21      | HINDUSTAN PHOTO FILMS MANUFACTURING CO. LTD. HMTBEARINGS LTD.     | -252791 -1777                | -216436                      | -182042                      |
| 22      |                                                                   |                              | -1777                        | -1598                        |
| 23      | HMTCHINAR WATCHES LTD.                                            | -4905                        | -4905                        | -5116                        |
| 24      | HMTMACHINETOOLS LTD.                                              | -12164                       | -13494                       | -5266                        |
| 25      | HMTWATCHESLTD.                                                    | -25920                       | -25920                       | -23307                       |
| 26      | HOTEL CORPN. OF INDIA LTD.                                        | -5910                        | -5046                        | -4047                        |
| 27      | HPCL BIOFUELS LTD.                                                | -4977                        | -8437                        | -11588                       |
| 28      | INDIAN DRUGS &PHARMACEUTICALS LTD.                                | -16608                       | -16721                       | -17463                       |
| 29      | INDIAN OIL-CREDA BIOFUELS LTD.                                    | -19                          | -1376                        | -346                         |
| 30      | INDIAN VACCINE CORP. LTD.                                         | -208                         | -164                         | -165                         |
| 31      | INSTRUMENTATION LTD.                                              | -17050                       | -14154                       | -6861                        |
| 32      | J &KMINERALDEVELOPMENT CORPN. LTD.                                | -165                         | -80                          | -74                          |
| 33      | NAGALAND PULP &PAPER COMPANY LTD.                                 | -1739                        | -1538                        | -1473                        |
| 34      | NORTH EASTERN HANDICRAFTS&HANDLOOM DEV.CORPN. LTD.                | -196                         | -440                         | -232                         |
|         | CORP.LTD.                                                         |                              |                              |                              |
| 36      | PONDICHERRY ASHOK HOTEL CORPN. LTD.                               | -21                          | -31                          | -33                          |
| 37      | RAJASTHAN DRUGS &PHARMACEUTICALS LTD.                             | -599                         | -1976                        | -1940                        |
| 38      | RANCHI ASHOK BIHAR HOTEL CORPN. LTD.                              | -168                         | -107                         | -82                          |
| 39      | RICHARDSON &CRUDDAS(1972) LTD.                                    | -1006                        | -365                         | -383                         |
| 40      | STCL LTD.                                                         | -48007                       | -41259                       | -35252                       |
| 41 42   | THE BISRA STONE LIME COMPANY LTD. TUNGABHADRA STEEL PRODUCTS LTD. | -1617 -2887                  | -2727 -2887                  | -1876 -3191                  |
|         | UTKAL ASHOK HOTEL CORPN. LTD.                                     | -197                         | -70                          | -59                          |
| 43      |                                                                   |                              |                              |                              |
|         | Total :                                                           | -1435935                     | -2015328                     | -1839964                     |