Lok Sabha Question No. 2364 (UNSTARRED), answered on 2015-08-04
Subject: Property of PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: GOPAL CHINAYYA SHETTY

# GOVERNMENT OF INDIA

MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES

DEPARTMENT OF PUBLIC ENTERPRISES

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## LOK SABHA

#### UNSTARRED QUESTION No.2364

### TO BE ANSWERED ON 04.08.2015

**Property of PSUs**

**2364.  SHRI GOPAL SHETTY:**

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

(a) the number of Public Sector Undertakings proposed to be closed down as on date, State-wise and location-wise;

(b) whether any action has been taken by the Government to assess the value of the immovable properties of such undertakings; and

(c) if so, the details thereof?

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### ANSWER

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### THE MINISTER OF STATE FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES

### (SHRI G.M.SIDDESHWARA)

(a): Based on the recommendations of Board for Reconstruction of Public Sector Enterprises, Government had approved closure of 4 Central Public Sector Enterprise (CPSEs) till 31.3.2014. Further, in December, 2014, Government approved road map for closure of 5 CPSEs (HMT Watches Ltd., HMT Chinnar Watches Ltd., Hindustan Cables Ltd., HMT Bearings Ltd. and Tungabhadra Steel Products Ltd.) under the administrative control of Department of Heavy Industry. The details of CPSEs approved for closure are given in Annex.

(b)&(c):Action in respect of CPSEs approved to be closed down, including the assessment of value of immovable properties of such undertakings is done by the CPSEs and its administrative Ministry/Department on case to case basis.

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# Annex

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# Annex referred to in part (a) in reply to Lok Sabha unstarred Question No.2364 for reply on 04.08.2015

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**Details of CPSES approved for closure**

| **Sl. No.**   | **Name of the CPSE**                         | **State & location of Registered Office**   |
|---------------|----------------------------------------------|-------------------------------------------------|
|               | **Department of Heavy Industry**             |                                                 |
| 1             | Bharat Ophthalmic Glass Ltd.                 | Durgapur, West Bengal                           |
| 2             | Bharat Yantra Nigam Ltd.                     | Allahabad, Uttar Pradesh                        |
| 3             | Hindustan Photo Films Manufacturing Co. Ltd. | Tamil Nadu, Ootacamund                          |
| 4             | HMT Watches Ltd.*                            | Karnataka, Bangalore                            |
| 5             | HMT Chinnar Watches Ltd.*                    | Jammu &Kashmir, Jammu                           |
| 6             | Hindustan Cables Ltd.*                       | West Bengal, Kolkata                            |
| 7             | HMT Bearings Ltd.*                           | Telangana, Hyderabad                            |
| 8             | Tungabhadra Steel Products Ltd.*             | Karnataka,Bellary                               |
|               | **Department of Commerce**                   |                                                 |
| 9             | STCL Ltd.                                    | Karnataka, Bangalore                            |

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# *Approved for closure in December,2014

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