Lok Sabha Question No. 2037 (UNSTARRED), answered on 2015-07-31
Subject: Reviving Sick Cement Industries
Ministry: FINANCE
Asked by: CHHEDI PASWAN

1. the number of sick cement industries in the country at present, State-	wise along with the total losses accumulated by these industries; and
2. the measures taken by the Government to revive the said cement 	industries?

**ANSWER**

MINISTER OF STATE IN THE MINISTRY OF FINANCE

**(SHRI JAYANT SINHA)**

**(a) :** The number of medium and large sick cement industries under the purview of  Board for Industrial and Financial Reconstruction (BIFR) in the country at present, is at Annexure. There is no separate data which is maintained for Micro and Small Enterprises (MSEs) with respect to sick cement units. However, as per Reserve Bank of India (RBI), there were 456771 sick SSI/MSE units financed by Scheduled Commercial Banks as on 15 th September 2014.

**(b):** With a view to secure the timely detection of sick and potential sick companies and for their possible revival/ rehabilitation, through Financial Reconstruction,  BIFR, a Quasi-Judicial body under the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) was constituted.

Towards revival and rehabilitation of a sick company, registered with the BIFR, the BIFR recommends:

1. Financial reconstruction
2. Change in management of sick company
3. Amalgamation with other company
4. Sale or lease of part of or whole of sick company
5. Such other preventive ameliorative and remedial measures as may be appropriate.

Ministry of Micro, Small and Medium Enterprises has on 29 th May 2015 notified the framework for revival and rehabilitation of Micro, Small and Medium Enterprises wherein banks/creditors are required to identify incipient stress and a Committee consisting of representatives of banks, State Government and Independent experts will formulate a Corrective Action Plan for the revival of the unit.

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| **Annexure referred to in reply to Lok Sabha Unstarred Question No.2037 for answer on 31.07.2015**   |             |                                          |                |                          |                                                                 |                          |                                   |
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| **List of Sick Cement Industries currently under the purview of BIFR**                               |             |                                          |                |                          |                                                                 |                          |                                   |
| **S.No.**                                                                                            | **Case No** | **Company Name**                         | **State**      | **Date Of Registration** | **Accumulated Losses (in Lakhs) (at the time of Registration)** | **Date Of Last Hearing** | **Current Status**                |
| **1**                                                                                                | 186/1988    | SRI CHAKRA CEMENT LTD.                   | ANDHRA PRADESH | 30.05.1988               | 1216                                                            | 26.07.2012               | Scheme Sanctioned                 |
| **2**                                                                                                | 57/2000     | P.R. CEMENTS LTD.                        | ANDHRA PRADESH | 04.02.2000               | 415                                                             | 20.01.2014               | Scheme Sanctioned                 |
| **3**                                                                                                | 40/2004     | L.C.K. CEMENTS LTD.                      | ANDHRA PRADESH | 20.01.2004               | 559                                                             | 27.05.2014               | Scheme Sanctioned                 |
| **4**                                                                                                | 352/1999    | UMRONGSO CEMENT LTD.                     | ASSAM          | 11.11.1999               | 269                                                             | 10.05.2012               | Scheme Sanctioned                 |
| **5**                                                                                                | 104/1990    | GUJARAT SIDHEE CEMENT LTD.(CEMENT CORPN) | GUJARAT        | 12.09.1990               | 6375                                                            | 15.02.2011               | Scheme Sanctioned                 |
| **6**                                                                                                | 52/1994     | BALARAM CEMENTS LTD.                     | GUJARAT        | 18.05.1994               | 1045                                                            | 06.01.2014               | Stay by Courts                    |
| **7**                                                                                                | 238/2002    | SANDIP CEMENTS PVT. LTD.                 | GUJARAT        | 13.06.2002               | 223                                                             | 18.12.2013               | Scheme Sanctioned                 |
| **8**                                                                                                | 209/2003    | SANDIP CEMENTS PVT. LTD.                 | GUJARAT        | 30.04.2003               | 254                                                             | 21.01.2010               | Scheme Sanctioned                 |
| **9**                                                                                                | 09/2006     | SAURASHTRA CEMENT LTD.                   | GUJARAT        | 27.01.2006               | 14841                                                           | 14.03.2013               | Scheme Sanctioned                 |
| **10**                                                                                               | 169/1989    | VEDA CEMENTS                             | KARNATAKA      | 08.11.1989               | 88                                                              | 26.08.2014               | Failed & Reopened                 |
| **11**                                                                                               | 76/1993     | SOUTH INDIA CEMENTS LTD.                 | KARNATAKA      | 27.09.1993               | 957                                                             | 20.06.2013               | Modified Sanctioned Scheme        |
| **12**                                                                                               | 501/1996    | CEMENT CORPORATION OF INDIA              | MADHYA PRADESH | 30.04.1996               | 547                                                             | 25.11.2014               | Scheme Sanctioned                 |
| **13**                                                                                               | 163/1999    | VARUN CEMENTS LTD.                       | MAHARASHTRA    | 14.06.1999               | 1400                                                            | 12.06.2014               | Scheme Sanctioned                 |
| **14**                                                                                               | 84/2013     | MURLI INDUSTRIES LTD.                    | MAHARASHTRA    | 26.11.2013               | 39333.97                                                        | 13.11.2014               | Pending Determination of Sickness |
| **15**                                                                                               | 50/2015     | J.U.D. CEMENTS LTD.                      | MEGHALAYA      | 10.04.2015               | 12948.43                                                        | --                       | Yet to be Heard                   |
| **16**                                                                                               | 86/2013     | SREE JAYAJOTHI CEMENTS LTD.              | TAMILNADU      | 06.12.2013               | 54031.07                                                        | 22.06.2015               | Declared Sick / DRS Awaited       |
| **17**                                                                                               | 01/1998     | LEMOS CEMENT LTD.                        | WEST BENGAL    | 05.01.1998               | 170                                                             | 15.01.2014               | Scheme Sanctioned                 |
| **18**                                                                                               | 155/2001    | KALYANPUR CEMENT LTD.                    | WEST BENGAL    | 19.04.2001               | 20279                                                           | 05.03.2013               | Modified Sanctioned Scheme        |
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