Lok Sabha Question No. 4745 (UNSTARRED), answered on 2020-03-23
Subject: Debts of Navratna PSUs
Ministry: FINANCE
Asked by: Manish Tewari

## GOVERNMENT OF INDIA

## DEPARTMENT OF ECONOMIC AFFAIRS

## MINISTRY OF FINANCE

## LOK SABHA

## UNSTARRED QUESTION NO.4745 TO BE ANSWERED ON MONDAY MARCH, 2020 23RD

## Debts of Navratna PSUs'

## No.4745 SHRI MANISH TEWARI:

Will the MINISTER OF FINANCE be please to state:

- (a) whether the debt levels have increased for Navratna PSU companies since April 2014 onwards, if so, the details thereof 'including the total debt the period from 01-04-2014 to 31-01-2020, Navratna PSU-wise and year-wise; during
- (b) the details of debt-equity ratios Navratna PSU-wise and year-wise during the said period;
- (c) the details of the turnover and the profitability rate in percentage during the said period, Navratna PSU-wise and year-wise;
- (d) whether due to deteriorating financial position and high debt levels, these companies are facing problems in servicing their loans; and
- (e) if whether   the debts of the said PSUs are likely to become NonPerforming Assets in the future and if so, the details thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF FINANCE

## (SHRI ANURAG SINGH THAKUR)

- (a) Year-wise Long term loans and Short term loans availed by Navratna CPSEs during the period 31.03.2014 to 31.03.2019 is at Annexure I;
- (b) Year-wise details of Debt-equity ratios of Navratna CPSEs is at Annexure Il;
- (c) Year-wise details of ProfitlLoss and Turnover of Navratna CPSEs is at Annexure III;
- (d) & (e) CPSEs function under the administrative control of respective Ministriesl Departments. The Board of CPSEs ladministrative Ministries continuously monitor their performance   including loan servicing and take timely measures for revivallrestructuring of sicklloss making CPSEs on a case-to-case basis.

| 1 0 1   | 1   |    | 3   |    | 0   | 8   |    | 1   | 1   |     |    |    |    |
|---------|-----|----|-----|----|-----|-----|----|-----|-----|-----|----|----|----|
| 1 0 1   | 1   |    |     |    |     |     |    |     |     |     |    | 1  |    |
| 1 0 1   |     |    |     |    |     |     |    | 1   |     |     |    |    | 8  |
| 1 0 1   | 1   |    |     |    |     |     |    |     |     |     |    |    | 8  |
| 1 0 1   | 1   |    |     |    |     |     |    |     |     |     |    |    |    |
| 5 1     | 1   |    |     |    |     |     |    |     |     |     |    |    |    |
| 5 1     |     |    |     |    |     |     |    | 2   |     |     |    |    |    |
| 5 1     |     |    |     |    | 1   |     |    | 1   |     |     |    |    |    |
| 5 1     | 1   |    |     |    | 1   |     |    |     |     |     |    | 8  |    |
| 5 1     | 1   |    |     |    | 1   |     |    |     |     |     |    |    |    |
| 5 1     |     | 2  | 1 3 | 2  | 2 1 | 1   | 2  |     |     | 3 1 | 2  |    |    |
|         | 4   |    |     |    |     |     |    |     |     |     |    |    |    |

| Debt Equity Ratios of Navratna CPSEs   | Debt Equity Ratios of Navratna CPSEs   | Debt Equity Ratios of Navratna CPSEs                     | Debt Equity Ratios of Navratna CPSEs                     | Debt Equity Ratios of Navratna CPSEs                     | Debt Equity Ratios of Navratna CPSEs                     | Debt Equity Ratios of Navratna CPSEs                     | Debt Equity Ratios of Navratna CPSEs                     |
|----------------------------------------|----------------------------------------|----------------------------------------------------------|----------------------------------------------------------|----------------------------------------------------------|----------------------------------------------------------|----------------------------------------------------------|----------------------------------------------------------|
| SL No                                  | CPSEs Name                             | Debt Equity Ratio as on (long term borrowings/net worth) | Debt Equity Ratio as on (long term borrowings/net worth) | Debt Equity Ratio as on (long term borrowings/net worth) | Debt Equity Ratio as on (long term borrowings/net worth) | Debt Equity Ratio as on (long term borrowings/net worth) | Debt Equity Ratio as on (long term borrowings/net worth) |
|                                        |                                        | 31.03.14                                                 | 31.03.15                                                 | 31.03.16                                                 | 31.03.17                                                 | 31.03.18                                                 | 31.03.19                                                 |
|                                        | BHARAT ELECTRONICS LTD.                | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     |
|                                        | CONTAINER CORPORATION OF INDIA LTD.    | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     |
|                                        | ENGINEERS INDIA LTD.                   | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     |
|                                        | HINDUSTAN AERONAUTICS LTD.             | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.01                                                     | 0.01                                                     |
| 5                                      | MAHANAGAR TELEPHONE NIGAM LTD.         | 1.61                                                     | 4.84                                                     |                                                          | 22.10*                                                   | -1.62*                                                   | -8*                                                      |
|                                        | NATIONAL ALUMINIUM COMPANY LTD         | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0,00                                                     | 0.00                                                     | 0.00                                                     |
|                                        | NBCC (INDIA) LTD                       | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     |
|                                        | NLC INDIA LTD_                         | 0.20                                                     |                                                          | 0.25                                                     | 0.41                                                     | 0.46                                                     | 0.66                                                     |
|                                        |                                        | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     | 0.00                                                     |
| 10                                     | OIL INDIA LTD.                         | 0.07                                                     | 0.39                                                     | 0.40                                                     | 0.39                                                     | 0.32                                                     | 0.2                                                      |
|                                        | POWER FINANCE CORPORATION LTD.         | 5.21                                                     | 5.12                                                     | 4.82                                                     | 4.79                                                     | 5.16                                                     | 5.08                                                     |
|                                        | RASHTRIYA ISPAT NIGAM LTD              | 0.10                                                     | 0.01                                                     | 0.38                                                     | 0.68                                                     | 0.91                                                     | 1.27                                                     |
| 13                                     | REC LTD.                               | 5.33                                                     | 5.28                                                     | 4.85                                                     | 4.49                                                     | 6.20                                                     | 6.83                                                     |
| 14                                     | SHIPPING CORPORATION OF INDIA LTD.     | 1.04                                                     | 0.85                                                     | 0.68                                                     | 0.45                                                     | 0.47                                                     | 0.36                                                     |

Note:

Debt-Equity ratio is negative due to negative networth:

1

|   4 |       |    |    |    |    |    |    |     |
|-----|-------|----|----|----|----|----|----|-----|
|   4 |       |    |    |    |    | 8  |    |     |
|   1 | 1 6 U | e  | e  | HH | 3  |    |    | 1 3 |
|   4 |       |    |    |    | 2  | ~  | 2  |     |
|   4 |       |    |    |    |    |    |    |     |
|   4 |       |    |    |    |    |    |    |     |