Lok Sabha Question No. 2509 (UNSTARRED), answered on 2019-12-03
Subject: Revival of Loss Making PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: Ajay Nishad

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

## LOK SABHA

## UNSTARRED QUESTION No. 2509 TO BE ANSWERED ON 03.12.2019

## Revival of Loss Making PSUs

## 2509: SHRI  AJAY NISHAD :

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

(a) the details of the Public Sector Undertakings (PSUs) under the Ministries of Agriculture,

Petroleum  and  Natural  Gas,  Power,  Steel,  Coal,  Mines  and  Chemicals  and  Fertilizers,

State/UT-wise;

(b) the details of the PSUs which are earning profits/running in losses along with the reasons for the losses, PSU-wise;

(c)  whether the Government has taken any measures to bail out the undertakings incurring losses; and

(d) if so, the details thereof?

## ANSWER

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

(a ) & (b): As per Public Enterprises Survey (2017-18) laid in the Parliament on 27.12.2018, there were 155 Central Public Sector Enterprises (CPSEs) under the administrative control of

Ministries of Agriculture, Petroleum and Natural Gas, Power, Steel, Coal, Mines, Chemicals and Fertilizers as on 31.3.2018. Out of the 155 CPSEs, 97 are operating CPSEs. The list of

these  97  CPSEs State/Union Territories wise  along with the details of  profit earned /loss incurred during 2017-18 is given at Annex1.

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include resource crunch, low productivity, unsustainable business operations, old and  obsolete plant  &  machinery,  outdated  technology,  low capacity utilization, poor debt-equity structure, weak marketing strategies, stiff competition, lack of business plans, heavy interest burden, high input cost etc.

(c) & (d): DPE has issued Guidelines dated 29.10.2015 for 'Streamlining the mechanism for revival and restructuring of sick / incipient sick and weak Central Public Sector Enterprises: General principles and mechanism of restructuring'. As per these guidelines, the administrative  Ministries  /  Departments  concerned  are  responsible  for  monitoring  the performance  of  CPSEs  functioning  under  them  and  taking  timely  measures  for  revival/ restructuring of sick/loss making CPSEs on a case to case basis as per the principles outlined in DPE guidelines dated 29.10.2015.

*****

|                                                                                       |                                                                                       | Annex - 1                                                                             |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|
| Annex referred to in part (a) &(b) of Lok Sabha Unstarred Question No. 2509 for       | Annex referred to in part (a) &(b) of Lok Sabha Unstarred Question No. 2509 for       | Annex referred to in part (a) &(b) of Lok Sabha Unstarred Question No. 2509 for       |
| Central Public Sector Enterprises-wise details of profit/loss during the year 2017-18 | Central Public Sector Enterprises-wise details of profit/loss during the year 2017-18 | Central Public Sector Enterprises-wise details of profit/loss during the year 2017-18 |
|                                                                                       |                                                                                       | (Rs in Lakhs)                                                                         |
| S. No.                                                                                | Name of CPSE                                                                          | Profit / Loss                                                                         |
|                                                                                       | Ministry of Agriculture and Farmers Welfare                                           |                                                                                       |
|                                                                                       | Department of Agriculture Cooperation and Farmers Welfare                             |                                                                                       |
| 1                                                                                     | NATIONAL SEEDS CORPN. LTD.                                                            | 2498                                                                                  |
|                                                                                       | Department of Agriculture Research and Education                                      |                                                                                       |
| 2                                                                                     | AGRINNOVATE INDIA LTD.                                                                | 158                                                                                   |
|                                                                                       | Ministry of Chemicals &Fertilizers                                                    |                                                                                       |
|                                                                                       | Department of Chemicals &Petrochemicals                                               |                                                                                       |
| 3                                                                                     | BRAHAMPUTRA CRACKERS &POLYMER LTD.                                                    | -8039                                                                                 |
| 4                                                                                     | HIL (INDIA) LTD.                                                                      | 341                                                                                   |
| 5                                                                                     | HINDUSTAN FLUOROCARBONS LIMITED                                                       | -77                                                                                   |
| 6                                                                                     | HINDUSTAN ORGANIC CHEMICALS LTD.                                                      | -20345                                                                                |
|                                                                                       | Department of Fertilizer                                                              |                                                                                       |
| 7                                                                                     | BRAHMAPUTRA VALLEY FERTILIZER CORPN. LTD.                                             | 79                                                                                    |
| 8                                                                                     | FCI ARAVALI GYPSUM& MINERALS (INDIA) LTD.                                             | 2703                                                                                  |
| 9                                                                                     | FERTILIZER CORPN. OF INDIA LTD.                                                       | 11395                                                                                 |
| 10                                                                                    | FERTILIZERS &CHEMICALS (TRAVANCORE) LTD.                                              | -12906                                                                                |
| 11                                                                                    | HINDUSTAN FERTILIZER CORPN. LTD.                                                      | 2217                                                                                  |
| 12                                                                                    | MADRAS FERTILIZERS LTD.                                                               | -4481                                                                                 |
| 13                                                                                    | NATIONAL FERTILIZERS LTD.                                                             | 21277                                                                                 |
| 14                                                                                    | PROJECTS &DEVELOPMENT INDIA LTD.                                                      | 269                                                                                   |
| 15                                                                                    | RASHTRIYA CHEMICALS AND FERTILIZERS LTD.                                              | 7880                                                                                  |
|                                                                                       | Department of Pharmaceuticals                                                         |                                                                                       |
| 16                                                                                    | BENGAL CHEMICALS &PHARMACEUTICALS LTD.                                                | 1006                                                                                  |
| 17                                                                                    | HINDUSTAN ANTIBIOTICS LTD.                                                            | 20832                                                                                 |
| 18                                                                                    | IDPL (TAMILNADU) LTD.                                                                 | -239                                                                                  |
| 19                                                                                    | INDIAN DRUGS &PHARMACEUTICALS LTD.                                                    | -16894                                                                                |
| 20                                                                                    | KARNATAKA ANTIBIOTICS &PHARMACEUTICALS LTD.                                           | 1174                                                                                  |
| 21                                                                                    | ORISSADRUGS& CHEMICALS LTD.                                                           | 78                                                                                    |
| 22                                                                                    | RAJASTHAN DRUGS &PHARMACEUTICALS LTD.                                                 | -599                                                                                  |
|                                                                                       | Ministry of Coal                                                                      |                                                                                       |
| 23                                                                                    | BHARAT COKING COAL LTD.                                                               | -139122                                                                               |
| 24                                                                                    | CENTRAL COALFIELDS LTD.                                                               | 80778                                                                                 |
| 25                                                                                    | CENTRAL MINE PLANNING &DESIGN INSTITUTE LTD.                                          | 8083                                                                                  |
| 26                                                                                    | COAL INDIA LTD.                                                                       | 929342                                                                                |
| 27                                                                                    | EASTERN COALFIELDS LTD.                                                               | -93117                                                                                |
| 28                                                                                    | MAHANADI COALFIELDLS LTD.                                                             | 476129                                                                                |
| 29                                                                                    | NLC INDIA LTD.                                                                        | 184878                                                                                |

| 30   | NLC TAMIL NADU POWER LTD.                     | 14633   |
|------|-----------------------------------------------|---------|
| 31   | NORTHERN COALFIELDS LTD.                      | 268524  |
| 32   | SOUTH EASTERN COALFIELDS LTD.                 | 237025  |
| 33   | WESTERN COALFIELDS LTD.                       | -175650 |
|      | Ministry of Mines                             |         |
| 34   | HINDUSTAN COPPER LTD.                         | 7961    |
| 35   | MINERAL EXPLORATION CORPN. LTD.               | 9837    |
| 36   | NATIONAL ALUMINIUM COMPANY LTD.               | 134241  |
|      | Ministry of Petroleum &Natural Gas            |         |
| 37   | BALMER LAWRIE &CO. LTD.                       | 18482   |
| 38   | BALMER LAWRIE INVESTMENTS LTD.                | 5364    |
| 39   | BHARAT PETRO RESOURCES LTD.                   | -15926  |
| 40   | BHARAT PETROLEUM CORPN. LTD.                  | 797630  |
| 41   | CERTIFICATION ENGINEERS INTERNATIONAL LTD.    | 1245    |
| 42   | CHENNAI PETROLEUM CORPORATION LTD.            | 91292   |
| 43   | CREDA HPCL BIOFUEL LTD.                       | 0       |
| 44   | ENGINEERS INDIA LTD.                          | 37787   |
| 45   | GAIL (INDIA) LTD.                             | 461841  |
| 46   | GAIL GAS LTD.                                 | 8075    |
| 47   | HINDUSTAN PETROLEUM CORPN. LTD.               | 635707  |
| 48   | HPCL BIOFUELS LTD.                            | -7785   |
| 49   | INDIAN OIL CORPORATION LTD.                   | 2134612 |
| 50   | INDIAN OIL-CREDA BIOFUELS LTD.                | 0       |
| 51   | MANGALORE REFINERY &PETROCHEMICALS LTD.       | 222412  |
| 52   | NUMALIGARH REFINERY LTD.                      | 204465  |
| 53   | OIL &NATURAL GAS CORPORATION LTD.             | 1994526 |
| 54   | OIL INDIA LTD.                                | 266793  |
| 55   | ONGC MANGALORE PETROCHEMICALS LTD.            | -44711  |
| 56   | ONGC VIDESH LTD.                              | 97962   |
| 57   | PETRONET CCK LTD.                             | 5841    |
| 58   | PRIZE PETROLEUM COMPANY LTD.                  | -157    |
|      | Ministry of Power                             |         |
| 59   | BHARTIYA RAIL BIJLEE CO. LTD.                 | 2721    |
| 60   | KANTI BIJLEE UTPADAN NIGAM LTD.               | -18109  |
| 61   | NHDC LTD.                                     | 55318   |
| 62   | NHPC LTD.                                     | 276903  |
| 63   | NORTH EASTERN ELECTRIC POWER CORPORATION LTD. | 27466   |
| 64   | NTPC ELECTRIC SUPPLY COMPANY LTD.             | 0       |
| 65   | NTPC LTD.                                     | 1034317 |
| 66   | NTPC VIDYUT VYAPAR NIGAM LTD.                 | 6126    |
| 67   | PATRATU VIDYUT UTPADAN NIGAM LTD.             | 3       |
| 68   | PFC CAPITAL ADVISORY SERVICE LTD.             | 38      |
| 69   | PFC CONSULTING LTD.                           | 2688    |
| 70   | PFC GREEN ENERGY LTD.                         | 3183    |

| 71   | POWER FINANCE CORPORATION LTD.          | 438677   |
|------|-----------------------------------------|----------|
| 72   | POWER GRID CORPORATION OF INDIA LTD.    | 824465   |
| 73   | POWER GRID WARORATRANSMISSION LTD.      | 2895     |
| 74   | POWER SYSTEM OPERATION CORPORATION LTD. | 4762     |
| 75   | POWERGRID KALA AMB TRANSMISSION LTD.    | 752      |
| 76   | POWERGRID NMTRANMISSION LTD.            | -8314    |
| 77   | POWERGRID UNCHAHAR TRANSMISSION LTD.    | 905      |
| 78   | POWERGRID VIZAG TRANSMISSION LTD.       | 7767     |
| 79   | REC LTD.                                | 441989   |
| 80   | REC POWER DISTRIBUTION CO. LTD.         | 3494     |
| 81   | REC TRANSMISSION PROJECTS CO. LTD.      | 3492     |
| 82   | SJVN LTD.                               | 122488   |
| 83   | THDC INDIA LTD.                         | 77116    |
|      | Ministry of Steel                       |          |
| 84   | EASTERN INVESTMENT LTD.                 | 35       |
| 85   | FERRO SCRAP NIGAM LTD.                  | 807      |
| 86   | HINDUSTAN STEELWORKS COSTN. LTD.        | ~        |
| 87   | J &KMINERAL DEVELOPMENT CORPN. LTD.     | 141      |
| 88   | KIOCL LTD.                              | 8148     |
| 89   | MSTCLTD.                                | 7663     |
| 90   | MECON LTD.                              | 5802     |
| 91   | MOIL LTD.                               | 42199    |
| 92   | NMDC Ltd.                               | 380588   |
| 93   | ORISSA MINERAL DEVELOPMENT COMPANY LTD. | -25296   |
| 94   | RASHTRIYA ISPAT NIGAM LTD.              | -136901  |
| 95   | SAIL REFRACTORY COMPANY LTD.            | 1420     |
| 96   | STEEL AUTHORITY OF INDIA LTD.           | -48171   |
| 97   | THE BISRA STONE LIME COMPANY LTD.       | -1071    |