Lok Sabha Question No. 2649 (UNSTARRED), answered on 2015-12-15
Subject: Surplus Funds with PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: ANOOP MISHRA, KANWAR SINGH TANWAR

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

## LOK SABHA

## UNSTARRED QUESTION No. 2649

## TO BE ANSWERED ON 15.12.2015

## Surplus Funds with PSUs

## 2649. SHRI ANOOP MISHRA SHRI KANWAR SINGH TANWAR

## Will  the  Minister  of  HEAVY  INDUSTRIES  AND  PUBLIC  ENTERPRISES  be pleased to state:

- a) whether  surplus  funds  are  lying    unutilized  with  more  than  100  Public  Sector Undertakings (PSUs);
- b) if so, the details thereof;
- c)  the total amount of surplus funds lying unutilized with the said PSUs upto March 2015, Sector-wise;
- d) whether the Government has issued any instructions/directives regarding investment of the said funds; and
- e)   if so, the details thereof?

ANSWER

## THE MINISTER OF STATE FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES (SHRI G.M. SIDDESHWARA)

- (a)    As  per  Public  Enterprises  Survey  2013-14  placed  on  the  Table  of  both  house  of Parliament on 26.02.2015, there were 103 Central Public Sector Enterprises (CPSEs) as on 31.03.2014 holding cash and bank balance of Rs. 100 crore or more. Surplus funds lying unutilized is not separately maintained in annual accounts. (b)  Details  of  103  CPSEs  having  cash  &  bank  balance  of  Rs  100  crore  or  more  as  on 31.03.2014 are at Annex-A. (c) Total 290 CPSEs held cash & bank balance of Rs. 263464.49 crore. as on 31.03.2014 (d) & (e) Several Guidelines have been issued relating to principles of such investments, instruments eligible for investment of surplus funds like term deposits, commercial paper, debt instrument, mutual fund etc. Details of Guidelines on Investment of Surplus Funds by CPSEs issued  by  Department  of  Public  Sector  Enterprises  on  the  advise  of  Ministry  of
- Finance from time to time are at Annex-B.

*****

## Annex-'A' referred in Lok Sabha Question No. 2649

|   Name of CPSES | Name of CPSES                                       |   Amount Rs in crores |
|-----------------|-----------------------------------------------------|-----------------------|
|               1 | AIR INDIA LTD.                                      |                573.39 |
|               2 | AIRPORTS AUTHORITY OF INDIA                         |               1148.04 |
|               3 | ANTRIX CORPORATION LTD.                             |               1138.57 |
|               4 | BALMER LAWRIE & CO. LTD.                            |                346.86 |
|               5 | BHARAT BROADBAND NETWORK LTD.                       |                552.64 |
|               6 | BHARAT COKING COAL LTD.                             |               2341.36 |
|               7 | BHARAT DYNAMICS LTD.                                |               4266.54 |
|               8 | BHARAT ELECTRONICS LTD.                             |               4564.37 |
|               9 | BHARAT HEAVY ELECTRICALS LTD.                       |              11872.9  |
|              10 | BHARAT PETRO RESOURCES LTD.                         |                591.64 |
|              11 | BHARAT PETROLEUM CORPN. LTD.                        |                203.76 |
|              12 | BHARAT SANCHAR NIGAM LTD.                           |                931.95 |
|              13 | BRAHMAPUTRA VALLEY FERTILIZER CORPN. LTD.           |                138.76 |
|              14 | BRAITHWAITE BURN & JESSOP CONSTRUCTION COMPANY LTD. |                117.48 |
|              15 | CEMENT CORPN. OF INDIA LTD.                         |                167.68 |
|              16 | CENTRAL COALFIELDS LTD.                             |               2816.37 |
|              17 | CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD.       |                109.18 |
|              18 | CENTRAL WAREHOUSING CORPN.                          |                620.37 |
|              19 | COAL INDIA LTD.                                     |               9817.84 |
|              20 | COCHIN SHIPYARD LTD.                                |                556.43 |
|              21 | CONTAINER CORPORATION OF INDIA LTD.                 |               2564.09 |
|              22 | EASTERN COALFIELDS LTD.                             |               3852    |
|              23 | ELECTRONICS CORPN. OF INDIA LTD.                    |                277.08 |
|              24 | ENGINEERING PROJECTS (INDIA) LTD.                   |                165.36 |
|              25 | ENGINEERS INDIA LTD.                                |               1768.03 |
|              26 | EXPORT CREDIT GUARANTEE CORPN.OF INDIA LTD.         |               1144.06 |
|              27 | FCI ARAVALI GYPSUM & MINERALS (INDIA) LTD.          |                169.87 |
|              28 | FERRO SCRAP NIGAM LTD.                              |                100.52 |
|              29 | GAIL (INDIA) LTD.                                   |               2650.98 |
|              30 | GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.          |                447.96 |
|              31 | GOA SHIPYARD LTD.                                   |                409.65 |
|              32 | HINDUSTAN AERONAUTICS LTD.                          |              16935    |
|              33 | HINDUSTAN COPPER LTD.                               |                400.3  |

|   34 | HINDUSTAN PREFAB LTD.                             |   155.78 |
|------|---------------------------------------------------|----------|
|   35 | HINDUSTAN SHIPYARD LTD.                           |   404.07 |
|   36 | HINDUSTAN STEELWORKS COSTN. LTD.                  |   557.09 |
|   37 | HOUSING & URBAN DEV. CORPN. LTD.                  |   271.89 |
|   38 | HSCC (INDIA) LTD.                                 |   862.04 |
|   39 | INDIA INFRASTRUCTURE FINANCE CO. LTD.             | 13244.6  |
|   40 | INDIA TOURISM DEV. CORPN. LTD.                    |   291.8  |
|   41 | INDIA TRADE PROMOTION ORGANISATION                |  1071.24 |
|   42 | INDIAN OIL CORPORATION LTD.                       |  2608.53 |
|   43 | INDIAN RAILWAY CATERING AND TOURISM CORPN. LTD.   |   348.08 |
|   44 | INDIAN RAILWAY FINANCE CORPORATION LTD.           |  2021.96 |
|   45 | INDIAN RARE EARTHS LTD.                           |   454.1  |
|   46 | INDIAN RENEWABLE ENERGY DEVT.AGENCY LTD.          |   506.86 |
|   47 | IRCON INTERNATIONAL LTD.                          |  2675.36 |
|   48 | KAMARAJAR PORT LTD.                               |   188.99 |
|   49 | KIOCL LTD.                                        |  1715.81 |
|   50 | KONKAN RAILWAY CORPORATION LTD.                   |   233.16 |
|   51 | M M T C LTD.                                      |   472.67 |
|   52 | M S T C LTD.                                      |  1096.04 |
|   53 | MAHANADI COALFIELDLS LTD.                         | 10367.6  |
|   54 | MAHANAGAR TELEPHONE NIGAM LTD.                    |   263.1  |
|   55 | MANGALORE REFINARY & PETROCHEMICALS LTD.          | 10672.3  |
|   56 | MAZAGON DOCK LTD.                                 |  5239.35 |
|   57 | MECON LTD.                                        |   733.49 |
|   58 | MISHRA DHATU NIGAM LTD.                           |   105.65 |
|   59 | MOIL LTD.                                         |  2792.83 |
|   60 | MUMBAI RAILWAY VIKAS CORPORATION LTD.             |   460.86 |
|   61 | NATIONAL ALUMINIUM COMPANY LTD.                   |  4048.29 |
|   62 | NATIONAL BLDG. CONSTN. CORPN. LTD.                |  1201.17 |
|   63 | NATIONAL INFORMATICS CENTRE SERVICES INCORPORATED |  1019.61 |
|   64 | NATIONAL JUTE MANUFACTURES CORPORATION LTD.       |   182.57 |
|   65 | NATIONAL MINORITIES DEVP. & FINANCE CORPORATION   |   147.95 |
|   66 | NATIONAL PROJECTS CONSTRUCTION CORPN. LTD.        |   596.1  |
|   67 | NATIONAL SCHEDULED CASTES FINANCE & DEVP. CORPN.  |   265.52 |
|   68 | NATIONAL SCHEDULED TRIBES FINANCE & DEVP. CORPN.  |   127    |

|   69 | NATIONAL SEEDS CORPN. LTD.                    |   130.15 |
|------|-----------------------------------------------|----------|
|   70 | NATIONAL TEXTILE CORPN. LTD.                  |  1348.57 |
|   71 | NEYVELI LIGNITE CORPN. LTD.                   |  4258.58 |
|   72 | NHDC LTD.                                     |   719.16 |
|   73 | NHPC LTD.                                     |  5303.83 |
|   74 | NMDC Ltd.                                     | 18657.2  |
|   75 | NORTH EASTERN ELECTRIC POWER CORPORATION LTD. |   297.56 |
|   76 | NORTHERN COALFIELDS LTD.                      |  7443.79 |
|   77 | NTPC ELECTRIC SUPPLY COMPANY LTD.             |   650.65 |
|   78 | NTPC LTD.                                     | 15311.4  |
|   79 | NTPC VIDYUT VYAPAR NIGAM LTD.                 |   637.6  |
|   80 | NUCLEAR POWER CORPN. OF INDIA LTD.            |  1517.34 |
|   81 | NUMALIGARH REFINERY LTD.                      |   965.15 |
|   82 | OIL & NATURAL GAS CORPORATION LTD.            | 10798.9  |
|   83 | OIL INDIA LTD.                                | 11543.7  |
|   84 | ONGC VIDESH LTD.                              |  2235.29 |
|   85 | ORISSA MINERAL DEVELOPMENT COMPANY LTD.       |   740.23 |
|   86 | PAWAN HANS LTD.                               |   155.06 |
|   87 | PFC CONSULTING LTD.                           |   114.95 |
|   88 | PFC GREEN ENERGY LTD.                         |   279.13 |
|   89 | POWER GRID CORPORATION OF INDIA LTD.          |  4417.52 |
|   90 | POWER SYSTEM OPERATION CORPORATION LTD.       |   468.52 |
|   91 | RAIL VIKAS NIGAM LTD.                         |  1228.85 |
|   92 | RAILTEL CORPORATION INDIA LTD.                |   743.9  |
|   93 | RASHTRIYA ISPAT NIGAM LTD.                    |   175.89 |
|   94 | RITES LTD.                                    |  2099.71 |
|   95 | RURAL ELECTRIFICATION CORPN. LTD.             |  1192.94 |
|   96 | SATLUJ JAL VIDYUT NIGAM LTD.                  |  2415.48 |
|   97 | SECURITY PRINTING & MINTING CORPN. INDIA LTD. |  1386.36 |
|   98 | SHIPPING CORPORATION OF INDIA LTD.            |  1018.93 |
|   99 | SOUTH EASTERN COALFIELDS LTD.                 | 10941.9  |
|  100 | STEEL AUTHORITY OF INDIA LTD.                 |  2855.95 |
|  101 | URANIUM CORPORATION OF INDIA LTD.             |   120.88 |
|  102 | WAPCOS LTD.                                   |   297.89 |
|  103 | WESTERN COALFIELDS LTD.                       |  4626.81 |

## Annex-'B' referred in Lok Sabha Question No. 2649

Details of Guidelines on Investment of Surplus Funds by the Central Public Sector Enterprises (CPSEs) issued by Department of Public Enterprises from time to time:

|   Sl No. | OM Nos.                 | Dated                |
|----------|-------------------------|----------------------|
|        1 | DPE//4/3/92-Fin.        | 27 th June 1994      |
|        2 | DPE/4(6)/94-Fin.        | 14 th December 1994  |
|        3 | DPE/4(6)/94-Fin.        | 1 st November 1995   |
|        4 | DPE/4(6)/94-Fin.        | 11 th March 1996     |
|        5 | DPE/4(6)/94-Fin.        | 2 nd July 1996       |
|        6 | DPE/4(6)/94-Fin.        | 14 th February 1997  |
|        7 | DPE/4(6)/94-Fin. G-XVII | 25 th November 1999  |
|        8 | DPE/4(6)/1994-Fin.      | 29 th September 2005 |
|        9 | DPE/11/47/2006-Fin.     | 31 st August 2007    |
|       10 | DPE/11/47/2006-Fin.     | 4 th December 2007   |
|       11 | DPE/11/47/2006-Fin.     | 11 th April 2008     |
|       12 | DPE/11/47/2006-Fin.     | 15 th April 2008     |
|       13 | DPE/11/47/2006-Fin.     | 14 th August 2008    |
|       14 | DPE/11(15)/08-Fin.      | 12 th January 2009   |
|       15 | DPE/18(1)/08-Fin.       | 24 th February 2009  |
|       16 | DPE/18(1)/08-Fin.       | 13 th August, 2012   |