Lok Sabha Question No. 1975 (UNSTARRED), answered on 2020-03-03
Subject: Loss Making PSEs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: Maneka Sanjay Gandhi

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

## LOK SABHA

## UNSTARRED QUESTION No.1975 TO BE ANSWERED ON 03.03.2020

## Loss Making PSEs

## 1975: SHRIMATI MANEKA SANJAY GANDHI :

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

- (a) whether a large number of Public Sector Enterprises (PSEs) have been running under losses during the last four years and if so, the details thereof;
- (b) the amount of total collective losses of such PSEs during the said period, both at State and Central level;
- (c) whether the Government has any plan to privatize the PSEs and if so, the details thereof; and
- (d) whether the Government has given approvals for closure of these loss making PSEs and if so, the details thereof?

## ANSWER

## THE MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI PRAKASH JAVADEKAR)

(a) and (b): As per information available in Public Enterprises Surveys, during the last 4 years  i.e.  2015-16,  2016-17,  2017-18  and  2018-19  there  were  79,  78,  72  and  70  loss  making Central Public Sector Enterprises  (CPSEs) respectively. The CPSE-wise detail of losses of these loss making CPSEs for the last 4 years is given at Annex-I

- (c): The Government has given 'in principle' approval for strategic disinvestment of 34 CPSEs/ units of CPSEs and Joint Ventures of CPSEs with sale of majority stake of Government of India and transfer of management control. The names of these 34 CPSEs/ units of CPSEs and Joint Ventures of CPSEs are given in Annex-II. Out of these 34 CPSEs/ units of CPSEs and Joint Venture of CPSEs, in case of one CPSE Hindustan Fluorocarbon Limited, the Government has subsequently decided for its closure.

(d): The Government has approved 21 CPSEs/units of CPSEs for closure. List of these CPSE/units of CPSEs is given in Annex-III.

Annex-I Annex-I referred to in parts (a) and (b) of Lok Sabha Unstarred Question No. 1975 for reply on 03.03.2020 regarding Loss Making PSEs.

## State-wise detail of loss of loss incurring Central Public Sector Enterprises during the last 4 years

|         |                                                  |         |         | (Rs. in lakh)   | (Rs. in lakh)   |
|---------|--------------------------------------------------|---------|---------|-----------------|-----------------|
| Sl. No. | Name of CPSEs /States &UTs                       | 2018-19 | 2017-18 | 2016-17         | 2015-16         |
|         | Andaman &Nicobar Islands                         |         |         |                 |                 |
| 1       | Andaman &Nicobar Isl. Forest &Plant.Dev.Corp.Ltd | -       | 4970    | 4970            | 4970            |
|         | Andhra Pradesh                                   |         |         |                 |                 |
| 2       | Rashtriya Ispat Nigam Ltd.                       | -       | 136901  | 126316          | 160372          |
| 3       | Visakhapatanam Port Logistics Park Ltd.          | 557     | -       | -               | -               |
|         | Arunachal Pradesh                                |         |         |                 |                 |
| 4       | Donyi Polo Ashok Hotel Ltd.                      | -       | 129     | 5               | -               |
|         | Assam                                            |         |         |                 |                 |
| 5       | Assam Ashok Hotel Corpn. Ltd.                    | -       | -       | -               | 155             |
| 6       | Brahamputra Crackers &Polymer Ltd.               | -       | 8039    | 54741           | 27251           |
| 7       | Brahmaputra Valley Fertilizer Corpn. Ltd.        | 6315    | -       | -               | -               |
| 8       | North Eastern Regional Agri. Marketing Corp.Ltd. | 698     | 662     | 589             | 589             |
|         | Bihar                                            |         |         |                 |                 |
| 9       | Bharat Wagon &Engg. Co. Ltd.                     | 142     | 8015    | 1434            | 1526            |
| 10      | HPCL Biofuels Ltd.                               | 6755    | 7785    | 3072            | 6137            |
|         | Chandigarh                                       |         |         |                 |                 |
| 11      | Punjab Logistic Infrastructure Ltd.              | 1187    | 1213    | -               | -               |
|         | Chhattisgarh                                     |         |         |                 |                 |
| 12      | CREDA HPCL Biofuel Ltd.                          | -       | -       | -               | 716             |
| 13      | Indian Oil-CREDA Biofuels Ltd.                   | -       | -       | -               | 19              |
|         | Delhi                                            |         |         |                 |                 |
| 14      | Air India Engineering Services Ltd.              | 18088   | 49566   | 50516           | 40710           |
| 15      | Air India Ltd.                                   | 847480  | 533774  | 628154          | 383678          |
| 16      | Airline Allied Services Ltd.                     | 29664   | 27133   | 28806           | 19875           |
| 17      | Bharat Broadband Network Ltd.                    | -       | -       | -               | 843             |
| 18      | Bharat Heavy Electricals Ltd.                    | -       | -       | -               | 70960           |
| 19      | Bharat Sanchar Nigam Ltd.                        | 1490424 | 799285  | 479321          | 485916          |

| 20   | Central Cottage Industries Corpn. of India Ltd.             | 539    | 2174   | -      | -      |
|------|-------------------------------------------------------------|--------|--------|--------|--------|
| 21   | Delhi Police Housing Corporation Ltd.                       | -      | -      | 19     | -      |
| 22   | Fresh &Healthy Enterprises Ltd.                             | 839    | 1062   | 1366   | 2591   |
| 23   | Handicrafts &Handloom Exports Corp. of India Ltd.           | 400    | 2361   | 3053   | 1076   |
| 24   | Hindustan Paper Corporation Ltd.                            | -      | 37014  | 37014  | 37014  |
| 25   | India Infrastructure Finance Co. Ltd.                       | -      | 152647 | -      | -      |
| 26   | Indian Vaccine Corp. Ltd.                                   | 48     | 153    | 20     | 208    |
| 27   | IRCON PB Tollway Ltd.                                       | 211    | -      | -      | -      |
| 28   | IRCON Shivpuri Guna Tollway Ltd.                            | 3061   | 6      | -      | -      |
| 29   | Kanti Bijlee Utpadan Nigam Ltd.                             | -      | 18109  | 2195   | 5821   |
| 30   | Mahanagar Telephone Nigam Ltd.                              | 339020 | 297303 | 294108 | 194755 |
| 31   | National Informatics Centre Services Incorporated           | 8523   | -      | -      | -      |
| 32   | National Small Industries Corpn. Ltd.                       | 7066   | -      | -      | -      |
| 33   | National Textile Corpn. Ltd.                                | 31465  | 30677  | -      | -      |
| 34   | NBCC Engineering And Consultancy Ltd.                       | 153    | 209    | 17     | -      |
| 35   | NTPC Electric Supply Company Ltd.                           | 9      | -      | 18     | -      |
| 36   | ONGC Videsh Ltd.                                            | -      | -      | -      | 364010 |
| 37   | P E C Ltd.                                                  | 49965  | 5695   | 9284   | 114202 |
| 38   | Patratu Vidyut Utpadan Nigam Ltd.                           | 138    | -      | 7      | -      |
| 39   | Pawan Hans Ltd.                                             | 6237   | -      | -      | -      |
| 40   | Power Grid Southern Interconnector Transmission System Ltd. | 156    | -      | -      | -      |
| 41   | PowergridNM Tranmission Ltd.                                | 6356   | 8314   | 1895   | -      |
| 42   | Powergrid Unchahar Transmission Ltd.                        | -      | -      | 6      | -      |
| 43   | Powergrid Vizag Transmission Ltd.                           | -      | -      | 2194   | -      |
| 44   | Prize Petroleum Company Ltd.                                | -      | 157    | 1495   | 4888   |
| 45   | RITES Infrastructure Services Ltd.                          | -      | 10     | 10     | 42     |
| 46   | SIDCUL Concor Infra Company Ltd.                            | 468    | 1112   | 1296   | -      |
| 47   | State Trading Corpn. of India Ltd.                          | 88108  | -      | 16582  | -      |
| 48   | Steel Authority of India Ltd.                               | -      | 48171  | 283324 | 402144 |
| 49   | TCIL Bina Toll Road Ltd.                                    | 522    | 511    | 1046   | 1043   |
| 50   | TCIL Lakhnadone Toll Road Ltd.                              | 6      | 159    | 464    | -      |
|      | Goa                                                         |        |        |        |        |
| 51   | Goa Antibiotics &Pharmaceuticals Ltd.                       | 262    | -      | -      | -      |
|      | Haryana                                                     |        |        |        |        |
| 52   | Indian Drugs &Pharmaceuticals Ltd.                          | -      | 16894  | 15338  | 16608  |
|      | Jammu &Kashmir                                              |        |        |        |        |
| 53   | HMT Chinar Watches Ltd.                                     | -      | -      | -      | 1242   |
| 54   | J &KMineral Development Corpn. Ltd.                         | 74     | -      | 85     | 165    |
|      | Jharkhand                                                   |        |        |        |        |
| 55   | Bharat Coking Coal Ltd.                                     | -      | 139122 | 16998  | -      |
| 56   | Engineering Projects (India) Ltd.                           | 3303   | -      | -      | -      |
| 57   | Heavy Engineering Corpn. Ltd.                               | 9367   | -      | 8227   | 14477  |
| 58   | MECON Ltd.                                                  | -      | -      | 7305   | 16241  |
| 59   | Ranchi Ashok Bihar Hotel Corpn. Ltd.                        | 239    | 240    | 197    | 168    |

|    | Karnataka                                           |       |        |       |       |
|----|-----------------------------------------------------|-------|--------|-------|-------|
| 60 | BEL-Thales Systems Ltd.                             | -     | 259    | 82    | -     |
| 61 | HMT Ltd.                                            | -     | 716    | 23949 | 1714  |
| 62 | HMT Machine Tools Ltd.                              | 6383  | 12925  | 12759 | 10666 |
| 63 | HMT Watches Ltd.                                    | -     | 849    | 20356 | 15557 |
| 64 | KIOCL Ltd.                                          | -     | -      | -     | 8015  |
| 65 | Naini Aerospace Ltd.                                | 1295  | 1063   | 174   | -     |
| 66 | ONGC Mangalore Petrochemicals Ltd.                  | -     | 44711  | 36619 | 64887 |
| 67 | STCL Ltd.                                           | 193   | 65688  | 56269 | 48007 |
| 68 | Tungabhadra Steel Products Ltd.                     | -     | 1143   | -     | 2887  |
| 69 | Vignyan Industries Ltd.                             | 33    | -      | -     | -     |
|    | Kerala                                              |       |        |       |       |
| 70 | BHEL Electrical Machines Ltd.                       | 546   | 602    | 424   | 298   |
| 71 | BPCL-KIAL Fuel Farm Pvt. Ltd.                       | 119   | -      | -     | -     |
| 72 | Fertilizers &Chemicals (Travancore) Ltd.            | -     | 12906  | 26268 | 45219 |
| 73 | Hindustan Newsprint Ltd.                            | 13186 | 10165  | 6015  | 4361  |
| 74 | HLL Biotech Ltd.                                    | 4839  | 4217   | 481   | 610   |
| 75 | HLL Lifecare Ltd.                                   | -     | 6958   | 2538  | -     |
|    | Madhya Pradesh                                      |       |        |       |       |
| 76 | Madhya Pradesh Ashok Hotel Corpn. Ltd.              | -     | -      | -     | 35    |
| 77 | NEPA Ltd.                                           | 7779  | -      | 6862  | 7012  |
|    | Maharahashtra                                       |       |        |       |       |
| 78 | Bharat Petro Resources Ltd.                         | 4577  | 15926  | 20298 | 5589  |
| 79 | Cotton Corpn. of India Ltd.                         | -     | -      | 455   | -     |
| 80 | Hindustan Antibiotics Ltd.                          | 7110  | -      | 7824  | 7718  |
| 81 | Hindustan Organic Chemicals Ltd.                    | -     | 20345  | 25557 | 17391 |
| 82 | Hotel Corpn. of India Ltd.                          | 6863  | 6032   | 5957  | 5776  |
| 83 | Indian Rare Earths Ltd.                             | -     | -      | -     | 10612 |
| 84 | National Film Dev. Corpn. Ltd.                      | 6     | -      | 191   | -     |
| 85 | Richardson& Cruddas(1972) Ltd.                      | -     | -      | -     | 1006  |
| 86 | Shipping Corporation of India Ltd.                  | 12199 | -      | -     | -     |
| 87 | Western Coalfields Ltd.                             | -     | 175650 | 77728 | -     |
|    | Meghalaya                                           |       |        |       |       |
| 88 | North Eastern Handicrafts& Handloom Dev.Corpn. Ltd. | 541   | -      | 306   | 196   |
|    | Nagaland                                            |       |        |       |       |
| 89 | Nagaland Pulp &Paper Company Ltd.                   | 1739  | 1739   | 1739  | 1739  |
|    | Orissa                                              |       |        |       |       |
| 90 | Utkal Ashok Hotel Corpn. Ltd.                       | 81    | 82     | 71    | 197   |
|    | Pondicherry                                         |       |        |       |       |
| 91 | Pondicherry Ashok Hotel Corpn. Ltd.                 | -     | -      | -     | 21    |
|    | Rajasthan                                           |       |        |       |       |
| 92 | Hindustan Salts Ltd.                                | -     | -      | -     | 113   |
| 93 | Instrumentation Ltd.                                | 9137  | 9137   | 9137  | 17050 |
| 94 | Rajasthan Drugs &Pharmaceuticals Ltd.               | -     | 599    | 599   | 599   |
| 95 | Sambhar Salts Ltd.                                  | 1083  | 258    | 855   | 890   |

|     | Tamilnadu                                      |         |         |         |         |
|-----|------------------------------------------------|---------|---------|---------|---------|
| 96  | Chennai Petroleum Corporation Ltd.             | 21336   | -       | -       | -       |
| 97  | Hindustan Photo Films Manufacturing Co. Ltd.   | -       | 340237  | 291716  | 252791  |
| 98  | IDPL (Tamilnadu) Ltd.                          | 239     | 239     | 239     | 73      |
| 99  | Madras Fertilizers Ltd.                        | 8085    | 4481    | -       | 18954   |
| 100 | NLC Tamil Nadu Power Ltd.                      | -       | -       | -       | 16003   |
|     | Telangana                                      |         |         |         |         |
| 101 | Hindustan Fluorocarbons Limited                | -       | 77      | 385     | 1111    |
| 102 | HMT Bearings Ltd.                              | -       | 138     | 366     | 809     |
|     | Uttar Pradesh                                  |         |         |         |         |
| 103 | Bharat Immunologicals &Biologicals Corp. Ltd.  | 579     | 426     | -       | 621     |
| 104 | Bharat Pumps &Compressors Ltd.                 | 3348    | 4392    | 8397    | 7506    |
| 105 | British India Corporation Ltd.                 | 10620   | 10620   | 10498   | 9724    |
| 106 | Broadcast Engg. Consultants India Ltd.         | -       | 428     | -       | 622     |
| 107 | HLL Mother &Child Care Hospitals Ltd.          | 30      | -       | -       | -       |
| 108 | National Handloom Development Corporation Ltd. | 1622    | -       | -       | -       |
| 109 | Projects &Development India Ltd.               | -       | -       | 1058    | 892     |
| 110 | Scooters India Ltd.                            | 463     | 1862    | 905     | -       |
|     | Uttarakhand                                    |         |         |         |         |
| 111 | Indian Medicines &Pharmaceutical Corpn. Ltd.   | -       | -       | -       | 332     |
|     | West Bengal                                    |         |         |         |         |
| 112 | Bengal Chemicals &Pharmaceuticals Ltd.         | -       | -       | -       | 913     |
| 113 | Birds Jute &Exports Ltd.                       | -       | 380     | 485     | 464     |
| 114 | Braithwaite& Co. Ltd.                          | -       | -       | 895     | -       |
| 115 | Burn Standard Company Ltd.                     | -       | 3351    | 3351    | 2837    |
| 116 | Central Inland Water Transport Corpn. Ltd.     | -       | -       | -       | 289     |
| 117 | Eastern Coalfields Ltd.                        | -       | 93117   | -       | -       |
| 118 | Eastern Investment Ltd.                        | 2       | -       | -       | -       |
| 119 | Hindustan Cables Ltd.                          | -       | -       | -       | 99412   |
| 120 | Hindustan Steelworks Costn. Ltd.               | -       | -       | 2902    | -       |
| 121 | Hooghly Dock and Port Engineers Ltd.           | 933     | -       | -       | 1980    |
| 122 | Hooghly Printing Company Ltd.                  | 308     | 354     | 35      | -       |
| 123 | MSTCLtd.                                       | 32446   | -       | -       | -       |
| 124 | Orissa Mineral Development Company Ltd.        | 45163   | 25296   | -       | -       |
| 125 | The Bisra Stone Lime Company Ltd.              | 2802    | 1071    | 1773    | 1664    |
|     |                                                | 3163530 | 3218011 | 2748005 | 3075574 |

## Annex-II referred to in part (c) of Lok Sabha Unstarred Question No. 1975 for reply on 03.03.2020 regarding Loss Making PSEs.

Detail of CPSEs including Subsidiaries, Units of CPSEs and Joint Ventures for which Government has given 'in-principle' approval for strategic disinvestment.

1.   Project & Development India Ltd.
2. Hindustan Prefab Limited.
3. Hospital Services Consultancy Ltd.
4. National Project construction corporation
5. Engineering Project (India) Ltd.
6. Bridge and Roof Co. India Ltd.
7. Pawan Hans Ltd.
8. Hindustan Newsprint Ltd
9. Scooters India Limited
10. Bharat Pumps & Compressors Ltd
11. Hindustan Fluorocarbon Ltd.
12. Central Electronics Ltd
13. Bharat Earth Movers Ltd.
14. Ferro Scrap Nigam Ltd.
15. Cement Corporation of India Ltd
16. Nagarnar Steel Plant of NMDC
17. Alloy Steel Plant, Durgapur; Salem Steel Plant; Bhadrawati units of SAIL
18. Air India and its five subsidiaries (Air India Air Transport Services Ltd, Air India Express Ltd., Air India Engineering Services Ltd., Airline Allied Services Ltd., Hotel Corporation of India Ltd
19. Dredging Corporation of India
20. 20.HLL Lifecare Ltd
21. 21.Indian Medicine & Pharmaceuticals Corporation Ltd.
22. 22.Karnataka Antibiotics & Pharmaceuticals Ltd.
23. 23.Kamrajar Port Ltd.
24. 24.Indian Tourism Development Corporation
25. 25.Rural Electrification Corporation Limited
26. 26.Hindustan Petroleum Corporation Limited
27. 27.Hindustan Antibiotics Ltd.
28. Bengal Chemicals and Pharmaceuticals Ltd.
29. 29.Bharat Petroleum Corporation Ltd.
30. Shipping Corporation of India
31. Container Corporation of India
32. 32.THDC India Limited
33. 33.North Eastern Electric Power Corporation Limited
34. 34.Nilachal Ispat Nigam Limited Promoted Co. of NMDC)

## Annex-III  referred to in part (d) of Lok Sabha Unstarred Question No. 1975 for reply on 03.03.2020 regarding Loss Making PSEs.

## List of CPSEs/Units of CPSEs approved for closure by the Government

| Sl. No.   | Name of the Ministry/ Department/ CPSE                                                                                   | Date of Government approval   |
|-----------|--------------------------------------------------------------------------------------------------------------------------|-------------------------------|
|           | Department of Heavy Industry                                                                                             |                               |
| 1         | Tungabhadra Steel Products Ltd.                                                                                          | 22.12.2015                    |
| 2         | HMT Watches Ltd.                                                                                                         | 6.1.2016                      |
| 3         | HMT Chinnar Watches Ltd.                                                                                                 | 6.1.2016                      |
| 4         | HMT Bearings Ltd.                                                                                                        | 6.1.2016                      |
| 5         | Hindustan Cables Ltd.                                                                                                    | 28.9.2016                     |
| 6         | Tractor Unit ofHMT Ltd.                                                                                                  | 27.10.2016                    |
| 7         | Kota Unit of Instrumentation Ltd.                                                                                        | 30.11.2016                    |
|           | Ministry of Shipping                                                                                                     |                               |
| 8         | Central Inland Water Transport Corporation Ltd.                                                                          | 31.8.2016                     |
| 9         | Hooghly Dock and Port Engineers Ltd.                                                                                     | 03.10.2019                    |
|           | Department of Pharmaceuticals                                                                                            |                               |
| 10        | Indian Drugs and Pharmaceuticals Ltd.                                                                                    | 28.12.2016                    |
| 11        | Rajasthan Drugs and Pharmaceuticals Ltd                                                                                  | 28.12.2016                    |
|           | Ministry of Petroleum &Natural Gas                                                                                       |                               |
| 12        | IOCL-CREDA Biofuels Ltd.                                                                                                 | 22.3.2017                     |
| 13        | CREDA HPCL Biofuels Ltd.                                                                                                 | 22.3.2017                     |
|           | M/o Environment, Forest and Climate Change                                                                               |                               |
| 14        | Andaman &Nicobar Islands Forest and Plantation Development Corporation Ltd., Port Blair                                  | 16.8.2017                     |
|           | Ministry of Railways                                                                                                     |                               |
| 15        | Bharat Wagon and Engineering Company Ltd.                                                                                | 23.8.2017                     |
| 16        | Burn Standard Company Ltd.                                                                                               | 4.4.2018                      |
|           | Department of Chemicals &Petrochemicals                                                                                  |                               |
| 17        | Closing down the operations of all the plants at Rasayani unit of Hindustan Organic Chemicals Ltd. except CNA/N2O4 plant | 17.5.2017                     |
| 18        | Hindustan Fluorocarbons Ltd.                                                                                             | 22.01.2020                    |
|           | Ministry of Textiles                                                                                                     |                               |
| 19        | National Jute Manufactures Corpn. Ltd.                                                                                   | 10.10.2018                    |
| 20        | Birds Jute and Exports Ltd.                                                                                              | 10.10.2018                    |
|           | D/o Commerce                                                                                                             |                               |
| 21        | STCL Ltd.                                                                                                                | 13.8.2013                     |