Lok Sabha Question No. 2761 (UNSTARRED), answered on 2023-08-07
Subject: Revival of Sick PSUs
Ministry: FINANCE
Asked by: Rahul Ramesh Shewale, Pritam Gopinath Munde, Chandra Sekhar Sahu

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 2761

TO BE ANSWERED ON 07.08.2023

## Revival of Sick PSUs

## 2761.  SHRI  RAHUL  RAMESH  SHEWALE:  DR.  PRITAM  GOPINATHRAO MUNDE: SHRI CHANDRA SEKHAR SAHU:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Central Government is aware of the underperforming heavy value Public Sector Undertakings (PSUs);
- (b) if so, the details and the names of such PSUs, State-wise;
- (c) whether the Central Government has mooted a policy measure for reviving the sick units;
- (d) if so, the details thereof; and
- (e) the expected allocations that can, or that have been made as per the National Capital Goods Policy, 2016 for the revival of these units, State-wise?

## ANSWER

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

(a to b): Central Public Sector Enterprises (CPSEs) function under the administrative control  of  respective  Ministries/Departments.  Profitability  of  Central  Public  Sector Enterprises depends on various factors that include demand and supply of finished goods and raw materials and prevailing market conditions. The list of loss incurring CPSEs for the Financial Year 2021-22 along with State/UT where registered office is situated in placed at Annexure-I.

(c to e) Enterprises specific measure for their investments and turnaround are taken by the Administrative Ministries/Departments having jurisdiction over the concerned CPSEs. These, inter alia include business restructuring, formation of joint ventures, modernization and improved marketing Strategies etc. Government has also notified the New Public Sector Enterprise ('PSE') Policy in February, 2021. The CPSEs are, therefore, to be dealt according to the provisions of the New PSE Policy only.

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Annexure referred to in reply to part (a&b) of Lok Sabha Unstarred Question No2761 to be replied on 7 th  August, 2023

Annexure-I .

## State/UT wise loss Incurring CPSEs during 2021-22

|   Sr. No. | State       | CPSE Name                                                   |   Profit/Loss 2021-22 (Rs. In Lakh) |
|-----------|-------------|-------------------------------------------------------------|-------------------------------------|
|         1 | ASSAM       | BRAHMAPUTRA VALLEY FERTILIZER CORPN. LTD.                   |                               -9764 |
|         2 | ASSAM       | NORTH EASTERN REGIONAL AGRI. MARKETING CORP.LTD.            |                                -630 |
|         3 | BIHAR       | HPCL BIOFUELS LTD.                                          |                               -6695 |
|         4 | CHANDIGAR H | PUNJAB LOGISTIC INFRASTRUCTURE LTD.                         |                                -593 |
|         5 | DELHI       | AIR INDIA ASSETS HOLDING LTD                                |                             -141676 |
|         6 | DELHI       | ALLIANCE AIR AVIATION LTD.                                  |                              -44776 |
|         7 | DELHI       | BHARAT BROADBAND NETWORK LTD.                               |                                -249 |
|         8 | DELHI       | BHARAT SANCHAR NIGAM LTD.                                   |                             -698162 |
|         9 | DELHI       | CENTRAL COTTAGE INDUSTRIES CORPN. OF INDIA LTD.             |                               -2438 |
|        10 | DELHI       | CONCOR AIR LTD.                                             |                                -965 |
|        11 | DELHI       | DEDICATED FRIGHT CORRIDOR CORP. OF INDIA LTD.               |                               -1615 |
|        12 | DELHI       | ENGINEERING PROJECTS (INDIA) LTD.                           |                               -6506 |
|        13 | DELHI       | FRESH &HEALTHY ENTERPRISES LTD.                             |                                -373 |
|        14 | DELHI       | HINDUSTAN PREFAB LTD.                                       |                               -1204 |
|        15 | DELHI       | HOTEL CORPN. OF INDIA LTD.                                  |                               -9432 |
|        16 | DELHI       | INDIA TRADE PROMOTION ORGANISATION                          |                               -5283 |
|        17 | DELHI       | IRCON AKLOKI-SHIRSAD EXPRESSWAY LTD.*                       |                                   0 |
|        18 | DELHI       | IRCON BHOJ MORBE EXPRESSWAY LTD.*                           |                                   0 |
|        19 | DELHI       | IRCON GURGAON REWARI HIGHWAY SERVICES                       |                                  -1 |
|        20 | DELHI       | IRCON HARIDWAR BYPASS LIMITED*                              |                                   0 |
|        21 | DELHI       | IRCON LUDHIANA RUPNAGAR HIGHWAY LTD.*                       |                                   0 |
|        22 | DELHI       | IRCON PB TOLLWAY LTD.                                       |                               -2462 |
|        23 | DELHI       | IRCON SHIVPURI GUNA TOLLWAY LTD.                            |                               -1205 |
|        24 | DELHI       | MMTCLTD.                                                    |                              -24193 |
|        25 | DELHI       | MAHANAGAR TELEPHONE NIGAM LTD.                              |                             -260259 |
|        26 | DELHI       | NATIONAL TEXTILE CORPN. LTD.                                |                              -30586 |
|        27 | DELHI       | POWER GRID SOUTHERN INTERCONNECTOR TRANSMISSION SYSTEM LTD. |                               -3750 |
|        28 | DELHI       | PRIZE PETROLEUM COMPANY LTD.                                |                                -579 |
|        29 | DELHI       | RATNAGIRI GAS &POWERPVT. LTD.                               |                              -20123 |
|        30 | DELHI       | TCIL LAKHNADONE TOLL ROAD LTD.                              |                                -520 |
|        31 | GOA         | GOA ANTIBIOTICS &PHARMACEUTICALS LTD.                       |                                -666 |
|        32 | JHARKHAND   | HEAVY ENGINEERING CORPN. LTD.                               |                              -25607 |
|        33 | KARNATAKA   | HMT MACHINE TOOLS LTD.                                      |                              -14573 |
|        34 | KARNATAKA   | NAINI AEROSPACE LTD.                                        |                               -1282 |

|   Sr. No. | State          | CPSE Name                                          |   Profit/Loss 2021-22 (Rs. In Lakh) |
|-----------|----------------|----------------------------------------------------|-------------------------------------|
|        35 | KERALA         | BPCL-KIAL FUEL FARM PVT. LTD.                      |                                -385 |
|        36 | MADHYA PRADESH | NEPA LTD.                                          |                               -5990 |
|        37 | MAHARASHT RA   | APOLLO DESIGN APPAREL PARKS LTD.                   |                                 -40 |
|        38 | MAHARASHT RA   | AURANGABAD TEXTILES& APPAREL PARKS LTD.            |                                 -75 |
|        39 | MAHARASHT RA   | BHARAT PETRO RESOURCES LTD.                        |                               -2281 |
|        40 | MAHARASHT RA   | GOLDMOHUR DESIGN & APPAREL PARKS LTD.              |                                 -81 |
|        41 | MAHARASHT RA   | HINDUSTAN ANTIBIOTICS LTD.                         |                               -1621 |
|        42 | MAHARASHT RA   | HINDUSTAN ORGANIC CHEMICALS LTD.                   |                               -2324 |
|        43 | MAHARASHT RA   | KONKAN RAILWAY CORPORATION LTD.                    |                              -13508 |
|        44 | MAHARASHT RA   | NATIONAL FILM DEV. CORPN. LTD.                     |                                -674 |
|        45 | MEGHALAY A     | NORTH EASTERN HANDICRAFTS&HANDLOOM DEV.CORPN. LTD. |                                -110 |
|        46 | ODISHA         | EASTERN INVESTMENT LTD.                            |                                 -44 |
|        47 | ODISHA         | ORISSA MINERAL DEVELOPMENT COMPANY LTD.            |                               -1449 |
|        48 | RAJASTHAN      | RAJASTHAN ELECTRONICS AND INSTRUMENTS LTD.         |                                -846 |
|        49 | TAMILNADU      | UDUPI COCHIN SHIPYARDS LTD.                        |                               -1294 |
|        50 | UTTAR PRADESH  | BHARAT IMMUNOLOGICALS &BIOLOGICALS CORP. LTD.      |                                -875 |
|        51 | UTTAR PRADESH  | NATIONAL HANDLOOM DEVELOPMENT CORPORATION LTD.     |                                -157 |
|        52 | UTTAR PRADESH  | PAWAN HANS LTD.                                    |                               -1811 |
|        53 | UTTAR PRADESH  | PROJECTS &DEVELOPMENT INDIA LTD.                   |                                -160 |
|        54 | WEST BENGAL    | ANDREW YULE & COMPANY LTD.                         |                                 -90 |
|        55 | WEST BENGAL    | EASTERN COALFIELDS LTD.                            |                             -106066 |
|        56 | WEST BENGAL    | HOOGLY COCHIN SHIPYARD LTD.                        |                                -284 |
|        57 | WEST BENGAL    | INLAND &COASTAL SHIPPING LTD.                      |                                 -89 |
|        58 | WEST BENGAL    | THE JUTE CORPN. OF INDIA LTD.                      |                               -1378 |
|        59 | WEST BENGAL    | VISAKHAPATANAM PORT LOGISTICS PARK LTD.            |                                -821 |

*Negligible Loss