Lok Sabha Question No. 2473 (UNSTARRED), answered on 2022-08-01
Subject: Privatisation of PSUs
Ministry: FINANCE
Asked by: Feroze Varun Gandhi, Nusrat Jahan Ruhi

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 2473

TO BE ANSWERED ON 01.08.2022

## Privatisation of PSUs

## 2473. SHRI FEROZE VARUN GANDHI:

## SHRIMATI NUSRAT JAHAN RUHI:

Will the Minister of FINANCE be pleased to state:

- (a) the details of the total number of Public Sector Undertakings (PSUs) and their financial status as on January 31, 2022;
- (b) the number of Central PSUs as on 31.12.1990, 31.12.2000 and 31.12.2010;
- (c) whether a large number of PSUs have been running under a loss over the past few years;
- (d) if so, the details thereof including the amount of total collective losses occurred due to these enterprises during the period 2016-21 both at the State and the Central level;
- (e) whether the Government has given approvals for closure of these loss making PSUs, if so, the details thereof; and
- (f) whether the Government proposes to privatise PSUs and if so, the details thereof?

## ANSWER

## THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KRISHANRAO KARAD)

- (a) As on 31.03.2021 there are 255 operating Central Public Sector Enterprises (CPSEs) with a Total Gross Revenue of Rs.24.26 Lakh Crore and the Overall Profit of Rs.1.58 Lakh Crore.
- (b) As per information available, the number of operating CPSEs as on 31.3.1991, 31.3.2001 and 31.3.2011 were 236, 234 and 220 respectively.

(c to d )   The year-wise number of loss making CPSEs along with total collective loss for the period FY 2016-17 to FY 2020-21 is given in the following table

| Year    |   No. of Loss Making CPSEs |   Amount of Loss (Rs in Crore) |
|---------|----------------------------|--------------------------------|
| 2016-17 |                         82 |                          25045 |
| 2017-18 |                         71 |                          31261 |
| 2018-19 |                         70 |                          31635 |
| 2019-20 |                         84 |                          44817 |
| 2020-21 |                         77 |                          31058 |

The  information  with  respect  to  State  Public  Sector  Undertakings  is  not  maintained  by Department of Public Enterprises.

- (e ) There are 23 CPSEs/Units of CPSEs which have been approved by the Government for closure since 2016.
- (f)  The  list  of  CPSEs  and  /or  Subsidiaries/Units/Joint  Ventures  of  CPSEs  for  which Government has given 'in principle' approval for strategic disinvestment since 2016 is placed at Annexure-1.

Annexure-1

List of  CPSEs  and/or  Subsidiaries/  Units/  Joint  Ventures  of  CPSEs  for  which Government has given 'in-principle' approval for strategic disinvestment since 2016.

## a) Ongoing Transactions being processed by DIPAM

|   1. | BEML Limited                                                                                                                                        |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|    2 | The Shipping Corporation of India Limited                                                                                                           |
|    3 | HLL Lifecare Limited                                                                                                                                |
|    4 | Project &Development India Limited                                                                                                                  |
|    5 | Ferro Scrap Nigam Limited (subsidiary)                                                                                                              |
|    6 | Indian Medicines Pharmaceuticals Corporation Limited                                                                                                |
|    7 | Container Corporation of India Limited                                                                                                              |
|    8 | Rashtriya Ispat Nigam Ltd.                                                                                                                          |
|    9 | Nagarnar Steel Plant of NMDCLimited                                                                                                                 |
|   10 | (a) Bharat Petroleum Corporation Ltd (except Numaligarh Refinery Limited) (b) BPCL stake in Numaligarh Refinery Limited to a CPSE strategic buyer $ |
|   11 | Pawan Hans Limited                                                                                                                                  |
|   12 | Central Electronics Limited (CEL)                                                                                                                   |
|   13 | Engineering Project (India) Limited                                                                                                                 |
|   14 | Bridge and Roof Co. India Limited                                                                                                                   |
|   15 | Alloy Steel Plant, Durgapur^; Salem Steel Plant; Bhadrawati Steel Plant - units of Steel Authority of India Limited                                 |

## b) Transactions being processed by respective Administrative Ministries

|   16. | Various Units of India Tourism Development Corporation Limited   |
|-------|------------------------------------------------------------------|
|    17 | Hindustan Antibiotics Limited                                    |
|    18 | Bengal Chemicals &Pharmaceuticals Limited                        |

## c) Transactions held up due to litigation

| 19.   | Karnataka Antibiotics &Pharmaceuticals Limited   |
|-------|--------------------------------------------------|

## d) Transactions halted as the CPSEs recommended / approved for closure; or any other reason

|   20. | Hindustan Fluorocarbons Limited (subsidiary)*                 |
|-------|---------------------------------------------------------------|
|    21 | Scooters India Limited*                                       |
|    22 | Bharat Pumps& Compressors Limited*                            |
|    23 | Hindustan Prefab Limited                                      |
|    24 | Units of Cement Corporation of India Limited (Nayagaon Unit)@ |

## e) Transactions Completed

|   S.No. | Name of CPSE                                                        |
|---------|---------------------------------------------------------------------|
|      25 | Hindustan Petroleum Corporation Limited                             |
|      26 | Rural Electrification Corporation Limited                           |
|      27 | HSCC(India) Limited                                                 |
|      28 | National Projects construction corporation Limited                  |
|      29 | Dredging Corporation of India Limited                               |
|      30 | THDC India Limited                                                  |
|      31 | North Eastern Electric Power Corporation Limited                    |
|      32 | Kamrajar Port Limited                                               |
|      33 | Air India **                                                        |
|      34 | Neelachal Ispat Nigam Limited (JV of four CPSEs and two State PSEs) |

## f) Under Corporate Insolvency Resolution Process (CIRP) in NCLT

|   S.No. | Name of CPSE                                |
|---------|---------------------------------------------|
|      35 | Hindustan Newsprint Limited (subsidiary)*** |