Lok Sabha Question No. 2308 (UNSTARRED), answered on 2023-12-18
Subject: Loss Making PSUs
Ministry: FINANCE
Asked by: S. Gnanathiraviam, Haji Fazlur Rehman

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA UNSTARRED QUESTION No. 2308 TO BE ANSWERED ON 18 th  DECEMBER 2023 'Loss making PSUs'

## 2308:   SHRI GNATHAIRIAM S: SHRI HAJI FAZLUR REHMAN:

## Will the Minister of Finance be pleased to state

- (a) the number of Public Sector Enterprises/Undertakings in the country out of these the number of Public Sector Undertakings which are running into losses and them loss incurred by them during the last three years;
- (b) Whether the government is working on some scheme or plan to improve their performance to bring them out of losses and if so, the detail thereof and if not , the reason therefor; and
- (c) Whether it is fact that Government has made a plan to sell land of loss making Public sector Undertaking, if so, the details thereof ?

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

- (a) As per information available in the Public Enterprises Survey 2021-22, there are 31 Central Public Sector Enterprises (CPSEs) which have  incurred losses continuously  for  three  years from 2019-20 to 2021-22. The details of loss incurred by each CPSE are given in Annexure.
- (b) and (c) The reasons of losses differ from CPSE to CPSE. Enterprise specific measures for their  turnaround  or  otherwise  are  taken  by  the  respective  Boards  and  Administrative Ministries/Departments  having  jurisdiction  over  the  CPSEs  concerned.  These,  inter  alia, include  business  restructuring,  formation  of  joint  ventures,  modernization  and  improved

marketing strategies. Government has also notified the New Public Sector Enterprise ('PSE') Policy  in  February,  2021  as  per  which  CPSEs  have  been  classified  in  Strategic  and  NonStrategic sectors based on certain criteria. The CPSEs are, therefore, to be dealt according to the provisions of the New PSE Policy only.

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## CPSE running in losses in continuously in last 2019-20, 2020-21 and 2021-22

(Rs in Lakhs)

|   S. No. | Cognate Group / CPSE                                 |   2021-22 |   2020-21 |   2019-20 |
|----------|------------------------------------------------------|-----------|-----------|-----------|
|        1 | HPCL BIOFUELS LTD.                                   |     -6695 |     -8008 |     -8555 |
|        2 | BHARAT PETRO RESOURCES LTD.                          |     -2281 |   -179685 |    -91503 |
|        3 | ORISSA MINERAL DEVELOPMENT COMPANY LTD.              |     -1449 |     -3965 |     -7669 |
|        4 | BRAHMAPUTRA VALLEY FERTILIZER CORPN. LTD.            |     -9764 |    -13775 |    -12970 |
|        5 | BHARAT IMMUNOLOGICALS & BIOLOGICALS CORP. LTD.       |      -875 |     -1811 |     -1021 |
|        6 | GOA ANTIBIOTICS & PHARMACEUTICALS LTD.               |      -666 |     -1156 |      -543 |
|        7 | HINDUSTAN ANTIBIOTICS LTD.                           |     -1621 |     -3826 |    -13840 |
|        8 | HEAVY ENGINEERING CORPN. LTD.                        |    -25607 |    -17578 |    -40537 |
|        9 | HMT MACHINE TOOLS LTD.                               |    -14573 |    -13279 |     -9872 |
|       10 | HOOGLY COCHIN SHIPYARD LTD.                          |      -284 |      -316 |      -249 |
|       11 | NAINI AEROSPACE LTD.                                 |     -1282 |     -1104 |      -908 |
|       12 | RAJASTHAN ELECTRONICS AND INSTRUMENTS LTD.           |      -846 |     -1278 |     -1707 |
|       13 | NEPA LTD.                                            |     -5990 |     -5390 |     -7126 |
|       14 | AURANGABAD TEXTILES & APPAREL PARKS LTD.             |       -75 |       -76 |       -76 |
|       15 | NATIONAL TEXTILE CORPN. LTD.                         |    -30586 |    -31550 |    -34655 |
|       16 | CENTRAL COTTAGE INDUSTRIES CORPN. OF INDIA LTD.      |     -2438 |     -2992 |      -925 |
|       17 | MMTCLTD.                                             |    -24193 |    -76969 |    -22711 |
|       18 | NATIONAL HANDLOOM DEVELOPMENT CORPORATION LTD.       |      -157 |      -963 |     -1119 |
|       19 | NORTH EASTERN HANDICRAFTS & HANDLOOM DEV.CORPN. LTD. |      -110 |      -110 |      -439 |
|       20 | NORTH EASTERN REGIONAL AGRI. MARKETING CORP.LTD.     |      -630 |      -630 |      -698 |
|       21 | ALLIANCE AIR AVIATION LTD.                           |    -44776 |    -36009 |    -23520 |
|       22 | BPCL-KIAL FUEL FARM PVT. LTD.                        |      -385 |      -606 |      -197 |
|       23 | FRESH &HEALTHY ENTERPRISES LTD.                      |      -373 |      -484 |      -645 |
|       24 | PAWAN HANS LTD.                                      |     -1811 |     -1745 |     -1346 |
|       25 | VISAKHAPATANAM PORT LOGISTICS PARK LTD.              |      -821 |     -1259 |     -1605 |

|   S. No. | Cognate Group / CPSE            |   2021-22 |   2020-21 |   2019-20 |
|----------|---------------------------------|-----------|-----------|-----------|
|       26 | IRCON PB TOLLWAY LTD.           |     -2462 |     -2138 |     -1717 |
|       27 | IRCON SHIVPURI GUNATOLLWAY LTD. |     -1205 |     -1406 |     -3083 |
|       28 | TCIL LAKHNADONE TOLL ROAD LTD.  |      -520 |      -300 |      -756 |
|       29 | HOTEL CORPN. OF INDIA LTD.      |     -9432 |     -9732 |     -5555 |
|       30 | BHARAT SANCHAR NIGAM LTD.       |   -698162 |   -744112 |  -1549952 |
|       31 | MAHANAGAR TELEPHONE NIGAM LTD.  |   -260259 |   -246180 |   -369568 |