Lok Sabha Question No. 3501 (UNSTARRED), answered on 2017-08-08
Subject: Closure of PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: CHANDRAKANT BHAURAO KHAIRE

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

## DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 3501

## TO BE ANSWERED ON 08.08.2017

## Closure of PSUs

## 3501.     SHRI CHANDRAKANT KHAIRE:

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

- (a) whether the Government has shut down 19 public sector units since 2014 till date;
- (b) if so, the details thereof;
- (c) the manner in which justice has been done to the employees working in these companies;
- (d) whether dues are still outstanding against these public sector undertakings; and
- (e) if so, the details thereof?

## ANSWER

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

## (SHRI BABUL SUPRIYO)

a) & (b): Central Public Sector Enterprises (CPSEs) function under the administrative control of various Ministries/Departments and all matters relating to CPSEs including closure are dealt by the  concerned  administrative  Ministries/Departments.  As  per  the  information  available  with Department  of  Public  Enterprises  (DPE),  20  CPSEs  have  been  closed  /approved  for  closure since, 2014. The details are given in Annex.

(c):The  employees  of  CPSEs  which  are  being  closed  are  entitled  to  compensation  as  per VRS/VSS guidelines of DPE. Further, the guidelines issued by DPE for time bound closure of CPSEs on 07.9.2016, inter alia, provide for payment of VRS at 2007 notional pay scale. Besides, such employees are also entitled for short duration skill training under Counseling, Retraining & Redeployment (CRR) Scheme for redeployment or self-employment. The benefits of the scheme are also extended to dependents of those VRS/VSS optees who are not willing for availing skill training under CRR.

(d) & (e): DPE does not maintain the data centrally on the outstanding dues of the employees of CPSEs.

* * *

## List of CPSEs closed/approved for closure

| Sl. no.   | Name of CPSE                                                                                                                | Date/year of approval of closure   |
|-----------|-----------------------------------------------------------------------------------------------------------------------------|------------------------------------|
| A         | List of CPSEs closed                                                                                                        |                                    |
| 1         | Tyre Corporation of India Ltd.                                                                                              | 2014-15                            |
| 2         | Hindustan Vegetable Oils Corporation ltd.                                                                                   | 2014-15                            |
| 3         | Triveni Structurals Ltd.                                                                                                    | 2014-15                            |
| 4         | Power Equity Capital Advisors Ltd..                                                                                         | 2014-15                            |
| 5         | SAIL Jagadishpur Power Plant Ltd.                                                                                           | 2015-16                            |
| 6         | SAIL Sindri Projects Ltd.                                                                                                   | 2015-16                            |
| B         | List of CPSEs approved for closure                                                                                          |                                    |
| 7         | Tungabhadra Steel Products Ltd.                                                                                             | 22.12.2015                         |
| 8         | Hindustan Photo Films Manufacturing Company Ltd.                                                                            | 28.2.2014                          |
| 9         | HMTChinar Watches Ltd.                                                                                                      | 6.1.2016                           |
| 10        | HMTWatches Ltd.                                                                                                             | 6.1.2016                           |
| 11        | HMTBearings Ltd.                                                                                                            | 6.1.2016                           |
| 12        | Hindustan Cables Ltd.                                                                                                       | 28.9.2016                          |
| 13        | Kota unit of Instrumentation Ltd., Kota Unit                                                                                | 30.11.2016                         |
| 14        | Tractor Division of HMT Ltd.                                                                                                | 27.10.2016                         |
| 15        | Central Inland Water Transport Corporation Ltd.                                                                             | 31.8.2016                          |
| 16        | Indian Drugs and Pharmaceuticals Ltd.                                                                                       | 28.12.2016                         |
| 17        | Rajasthan Drugs and Pharmaceuticals Ltd                                                                                     | 28.12.2016                         |
| 18        | Indian Oil-CREDA Biofuels Ltd.                                                                                              | 22.3.2017                          |
| 19        | CREDA- HPCL Biofuel Ltd.                                                                                                    | 22.3.2017                          |
| 20        | Closing down the operations of all the plants at Rasayani unit of Hindustan Organic Chemicals Ltd. except CNA/N 2 O 4 plant | 17.5.2017                          |