Lok Sabha Question No. 3545 (UNSTARRED), answered on 2017-08-08
Subject: Revenue Remittance of PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: BHEEMRAO BASWANTHRAO PATIL

## GOVERNMENT OF INDIA

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

## LOK SABHA

UNSTARRED QUESTION No.3545

## TO BE ANSWERED ON 08.08.2017

## Revenue remittance of PSUs

## 3545: SHRI BHEEMRAO B. PATIL:

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

- (a)  the  profits  accrued  to  Public  Sector  Undertakings  and  revenue  remitted  to  the  exchequer during the last three years, year-wise;
- (b) the details of Public Sector Undertakings undergoing losses during the financial year 2015-16 as against previous year;
- (c) the reasons for the losses of Public Sector Undertakings and fall in revenue remittance to the exchequer during the financial year 2015-16; and
- (d) the efforts being made by the  Government to overcome such a situation?

## ANSWER

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

## (SHRI BABUL SUPRIYO)

- (a): As per Public Enterprises Survey 2015-16 that was laid in the Parliament on 21.3.2017, the details of  profits  of  profit  making  Central  Public  Sector  Enterprises  (CPSEs)  and  revenue  paid  to  Central Exchequer by the CPSEs for the last 3 years is given below;

(Rs. in crore)

| Years   |   Profit of profit making CPSEs |   Contribution to the Central Exchequer |
|---------|---------------------------------|-----------------------------------------|
| 2015-16 |                          144523 |                                  278075 |
| 2014-15 |                          130364 |                                  200593 |
| 2013-14 |                          149636 |                                  220982 |

- (b): The details of CPSEs undergoing losses during the Financial Year 2015-16 as against previous year are given in Annexure-I.
- (c): The reasons for losses vary from CPSE to CPSE, however, some common problems in CPSEs for losses  which  include  resource  crunch,  low  productivity,  unsustainable  business  operations,  old  and obsolete plant & machinery, outdated technology, low capacity utilization, poor debt-equity structure, excess manpower, weak marketing strategies, stiff competition, lack of business plans, heavy interest burden, high input cost etc. The contribution to Central Exchequer and profit of profit making CPSEs has increased during 2015-16 as against 2014-15.
- (d): Improvement in the performance of CPSEs is a continuous process. Enterprise specific measures for their turn around are taken by the administrative Ministries/Departments having jurisdiction over the concerned CPSEs. These,  inter alia, include business restructuring, such as, formation of joint ventures, merger with another PSE, modernization and improved marketing strategies, etc.

*****

## Annex-I Annex referred to in part (b) to Lok Sabha Unstarred Question No. 3545

## for reply on 08.08.2017 regarding Revenue remittance of PSUs.

## NET LOSS (-) OF LOSS MAKING CPSEs FOR THE LAST TWO YEARS.

| S. No.   | Cognate Group / CPSE                             | 2015-16   | 2014-15   |
|----------|--------------------------------------------------|-----------|-----------|
|          | AGRO BASED INDUSTRIES                            |           |           |
| 1        | ANDAMAN&NICOBAR ISL. FOREST & PLANT.DEV.CORP.LTD | -4970     | -4509     |
| 2        | CREDA HPCL BIOFUEL LTD.                          | -715      | -507      |
| 3        | HPCL BIOFUELS LTD.                               | -4977     | -8437     |
| 4        | INDIAN OIL-CREDA BIOFUELS LTD.                   | -19       | -1376     |
|          | SUB TOTAL :                                      | -10681    | -14829    |
|          | CRUDE OIL                                        |           |           |
| 5        | BHARAT PETRO RESOURCES LTD.                      | -5449     | -3429     |
| 6        | ONGC VIDESH LTD.                                 | -209355   | 190422    |
| 7        | PRIZE PETROLEUM COMPANY LTD.                     | -4887     | 208       |
|          | SUB TOTAL :                                      | -219691   | 187201    |
|          | OTHER MINERALS &METALS                           |           |           |
| 8        | INDIAN RARE EARTHS LTD.                          | -10451    | 67        |
| 9        | J &KMINERAL DEVELOPMENT CORPN. LTD.              | -165      | -80       |
| 10       | KIOCL LTD.                                       | -7766     | 3082      |
| 11       | THE BISRA STONE LIME COMPANY LTD.                | -1617     | -2727     |
|          | SUB TOTAL :                                      | -19999    | 342       |
|          | STEEL                                            |           |           |
| 12       | RASHTRIYA ISPAT NIGAM LTD.                       | -142064   | 6238      |
| 13       | STEEL AUTHORITY OF INDIA LTD.                    | -413726   | 209268    |
|          | SUB TOTAL :                                      | -555790   | 215506    |
|          | FERTILIZERS                                      |           |           |
| 14       | FERTILIZERS &CHEMICALS (TRAVANCORE) LTD.         | -45219    | -39991    |
| 15       | MADRAS FERTILIZERS LTD.                          | -18954    | -13469    |
|          | SUB TOTAL :                                      | -64173    | -53460    |
|          | CHEMICALS &PHARMACEUTICALS                       |           |           |
| 16       | BENGAL CHEMICALS &PHARMACEUTICALS LTD.           | -913      | -1732     |
| 17       | BHARAT IMMUNOLOGICALS &BIOLOGICALS CORP. LTD.    | -621      | 155       |
| 18       | BRAHAMPUTRA CRACKERS &POLYMER LTD.               | -27023    | 0         |
| 19       | HINDUSTAN ANTIBIOTICS LTD.                       | -7718     | -7055     |
| 20       | HINDUSTAN FLUOROCARBONS LIMITED                  | -1111     | -377      |
| 21       | HINDUSTAN ORGANIC CHEMICALS LTD.                 | -17391    | -21549    |
| 22       | HLL BIOTECH LTD.                                 | -63       | -7        |
| 23       | IDPL (TAMILNADU) LTD.                            | -73       | 112       |
| 24       | INDIAN DRUGS &PHARMACEUTICALS LTD.               | -16608    | -16721    |
| 25       | INDIAN MEDICINES &PHARMACEUTICAL CORPN. LTD.     | -332      | -14       |
| 26       | ONGC MANGALORE PETROCHEMICALS LTD.               | -87535    | 0         |
| 27       | RAJASTHAN DRUGS &PHARMACEUTICALS LTD.            | -599      | -1976     |
|          | SUB TOTAL :                                      | -159987   | -49164    |
|          | HEAVY ENGINEERING                                |           |           |
| 28       | BHARAT HEAVY ELECTRICALS LTD.                    | -91342    | 141929    |
| 29       | BHARAT WAGON&ENGG. CO. LTD.                      | -1526     | -1568     |
| 30       | BHEL ELECTRICAL MACHINES LTD.                    | -298      | -396      |

(Rs. in Lakhs)

| 31   | BURN STANDARD COMPANY LTD.                         | -2837   | -2466   |
|------|----------------------------------------------------|---------|---------|
| 32   | HEAVY ENGINEERING CORPN. LTD.                      | -14477  | -24169  |
| 33   | TUNGABHADRA STEEL PRODUCTS LTD.                    | -2887   | -2887   |
|      | SUB TOTAL :                                        | -113367 | 110443  |
|      | MEDIUM &LIGHT ENGINEERING                          |         |         |
| 34   | BHARAT PUMPS &COMPRESSORS LTD.                     | -7506   | -5504   |
| 35   | HINDUSTAN CABLES LTD.                              | -99412  | -93299  |
| 36   | HMT BEARINGS LTD.                                  | -1777   | -1777   |
| 37   | HMT CHINAR WATCHES LTD.                            | -4905   | -4905   |
| 38   | HMT LTD.                                           | -2474   | -9657   |
| 39   | HMT MACHINE TOOLS LTD.                             | -12164  | -13494  |
| 40   | HMT WATCHES LTD.                                   | -25920  | -25920  |
| 41   | INSTRUMENTATION LTD.                               | -17050  | -14154  |
| 42   | RICHARDSON &CRUDDAS(1972) LTD.                     | -1006   | -365    |
|      | SUB TOTAL :                                        | -172214 | -169075 |
|      | TRANSPORTATION EQUIPMENT                           |         | 248     |
| 43   | HOOGHLY DOCK AND PORT ENGINEERS LTD.               | -1980   | 248     |
|      | SUB TOTAL :                                        | -1980   |         |
|      | CONSUMER GOODS                                     |         |         |
| 44   | HINDUSTAN PAPER CORPORATION LTD.                   | -37014  | -33129  |
| 45   | HINDUSTAN PHOTO FILMS MANUFACTURING CO. LTD.       | -252791 | -216436 |
| 46   | HINDUSTAN SALTS LTD.                               | -113    | -495    |
| 47   | NAGALAND PULP &PAPER COMPANY LTD.                  | -1739   | -1538   |
| 48   | NEPA LTD.                                          | -7012   | -4871   |
| 49   | SAMBHAR SALTS LTD.                                 | -890    | -983    |
|      | SUB TOTAL :                                        | -299559 | -257452 |
|      | TEXTILES                                           |         |         |
| 50   | BIRDS JUTE &EXPORTS LTD.                           | -464    | -585    |
| 51   | BRITISH INDIA CORPORATION LTD.                     | -9724   | -9494   |
|      | SUB TOTAL :                                        | -10188  | -10079  |
|      | POWERGENERATION                                    |         |         |
| 52   | KANTI BIJLEE UTPADAN NIGAM LTD.                    | -5820   | 1724    |
| 53   | NLC TAMIL NADU POWER LTD.                          | -16003  | 0       |
|      | SUB TOTAL :                                        | -21823  | 1724    |
|      | TRADING&MARKETING                                  |         |         |
| 54   | HANDICRAFTS &HANDLOOMEXPORTS CORP. OF INDIA LTD.   | -1076   | 340     |
| 55   | NORTH EASTERN HANDICRAFTS&HANDLOOM DEV.CORPN. LTD. | -196    | -440    |
| 56   | NORTH EASTERN REGIONAL AGRI. MARKETING CORP.LTD.   | -589    | -589    |
| 57   | P E C LTD.                                         | -114202 | -20854  |
| 58   | STCL LTD.                                          | -48007  | -41259  |
|      | SUB TOTAL :                                        | -164070 | -62802  |
|      | TRANSPORT SERVICES                                 |         |         |
| 59   | AIR INDIA ENGINEERING SERVICES LTD.                | -40710  | -24257  |
| 60   | AIR INDIA LTD.                                     | -383678 | -585991 |
| 61   | AIRLINE ALLIED SERVICES LTD.                       | -19875  | -18392  |
| 62   | CENTRAL INLAND WATERTRANSPORT CORPN. LTD.          | -289    | 887     |
| 63   | FRESH &HEALTHY ENTERPRISES LTD.                    | -2603   | -1447   |
|      | SUB TOTAL :                                        | -447155 | -629200 |

| 64            | PROJECTS &DEVELOPMENT INDIA LTD.                  | -892     | -586     |
|---------------|---------------------------------------------------|----------|----------|
| 65            | TCIL BINA TOLL ROAD LTD.                          | -1043    | -942     |
| SUB TOTAL :   | SUB TOTAL :                                       | -1935    | -1528    |
|               | INDUSTRIAL DEVEPLOMENT &TECH.CONSULTANCY SERVICES |          |          |
| 66            | BROADCAST ENGG. CONSULTANTS INDIA LTD.            | -622     | -139     |
| 67            | MECON LTD.                                        | -16241   | 2027     |
| 68            | RITES INFRASTRUCTURE SERVICES LTD.                | -41      | 10       |
| SUB TOTAL :   | SUB TOTAL :                                       | -16904   | 1898     |
|               | TOURIST SERVICES                                  |          |          |
| 69            | ASSAM ASHOK HOTEL CORPN. LTD.                     | -155     | -119     |
| 70            | HOTEL CORPN. OF INDIA LTD.                        | -5910    | -5046    |
| 71            | MADHYAPRADESH ASHOK HOTEL CORPN. LTD.             | -35      | 5        |
| 72            | PONDICHERRY ASHOK HOTEL CORPN. LTD.               | -21      | -31      |
| 73            | RANCHI ASHOK BIHAR HOTEL CORPN. LTD.              | -168     | -107     |
| 74            | UTKAL ASHOK HOTEL CORPN. LTD.                     | -197     | -70      |
| SUB TOTAL :   | SUB TOTAL :                                       | -6486    | -5368    |
|               | FINANCIAL SERVICES                                |          |          |
| 75            | INDIAN VACCINE CORP. LTD.                         | -208     | -164     |
| SUB TOTAL :   | SUB TOTAL :                                       | -208     | -164     |
|               | TELECOMMUNICATION SERVICES                        |          |          |
| 76            | BHARAT BROADBAND NETWORK LTD.                     | -843     | -29      |
| 77            | BHARAT SANCHAR NIGAM LTD.                         | -387992  | -823409  |
| 78            | MAHANAGAR TELEPHONE NIGAM LTD.                    | -200574  | -289339  |
| SUB TOTAL :   | SUB TOTAL :                                       | -589409  | -1112777 |
| GRAND TOTAL : | GRAND TOTAL :                                     | -2875619 | -1848536 |