Lok Sabha Question No. 2680 (UNSTARRED), answered on 2015-12-15
Subject: Loss Making PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: RAOSAHEB PATIL DANVE

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

## LOK SABHA UNSTARRED QUESTION No.2680 TO BE ANSWERED ON 15.12.2015

## Loss Making PSUs

## 2680.  SHRI RAOSAHEB DANVE PATIL:

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

- (a) the details of sick/loss incurring centre/State administered Public Sector Undertakings  identified  by  the  Government  during  the  last  three  years  and  the current year;
- (b) whether the Government has taken any steps to turn the said sick enterprises into profitable ones;
- (c) if so, the details thereof;
- (d) if not, the reasons therefor; and
- (e) the steps taken for the rehabilitation of the employees affected due to the closure of such enterprises declared sick?

## ANSWER

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

(a): As per information available in the Public Enterprises Survey 2011-12, 2012-13 and 2013-14, there are 53 Central Public Sector Enterprises (CPSEs), which have incurred losses  continuously  for  3  years  from  2011-12  to  2013-14.  The  details  are  given  in Annex.

(b) to (d): It is the responsibility of the concerned administrative Ministry/ Department for revival/  restructuring/  privatization  of  sick/loss  making  CPSEs  and  to  take  steps  for making these CPSEs into profitable ones. Role of the Department of Public Enterprises is to issue policy guidelines. Towards this, Department of Public Enterprises has issued on 29.10.2015 guidelines for 'Streamlining the mechanism for revival and restructuring of  sick/  incipient  sick  and  weak  Central  Public  Sector  Enterprises:  General  principles and  mechanism  of  restructuring"  to  be  followed  by  the administrative  Ministries /Departments  for  revival/restructuring  or  closure  of  CPSEs  under  their  administrative control in a time bound manner.

(e): The Counselling, Retraining & Redeployment (CRR) Scheme provides opportunities of  self/wage  employment  to  the  employees  or  their  dependents  separated  under Voluntary Retirement Scheme (VRS)/ Voluntary Separation Scheme (VSS) or retrenched due to closure/restructuring of the CPSEs.  The Scheme aims at providing short duration skill development/entrepreneurship development training programmes to equip the beneficiaries for self/wage employment.

* * *

Annex

## Annex referred to in part (a)  in reply to Lok Sabha Unstarred Question No.2680 for reply on 15.12.2015

## List of CPSEs incurred loss continuously for three years from 2011-12 to 2013-14

| S. No.   | CPSE Name                                            | Loss (Rs. in lakh)   | Loss (Rs. in lakh)   | Loss (Rs. in lakh)   |
|----------|------------------------------------------------------|----------------------|----------------------|----------------------|
|          |                                                      | 2011-12              | 2012-13              | 2013-14              |
| 1        | BENGAL CHEMICALS & PHARMACEUTICALS LTD.              | -1592                | -1794                | -2906                |
| 2        | BRAHMAPUTRA VALLEY FERTILIZER CORPN. LTD.            | -12881               | -3264                | -15829               |
| 3        | HINDUSTAN ANTIBIOTICS LTD.                           | -7227                | -6937                | -8423                |
| 4        | HINDUSTAN FERTILIZER CORPN. LTD.                     | -38089               | -38053               | -38050               |
| 5        | HINDUSTAN ORGANIC CHEMICALS LTD.                     | -7807                | -13799               | -17685               |
| 6        | IDPL (TAMILNADU) LTD.                                | -36                  | -341                 | -341                 |
| 7        | INDIAN DRUGS & PHARMACEUTICALS LTD.                  | -48988               | -23958               | -17443               |
| 8        | AIR INDIA CHARTERS LTD.                              | -60250               | -35116               | -9809                |
| 9        | AIR INDIA LTD.                                       | -755974              | -549016              | -538882              |
| 10       | AIRLINE ALLIED SERVICES LTD.                         | -11474               | -13339               | -22122               |
| 11       | HOTEL CORPN. OF INDIA LTD.                           | -2129                | -3562                | -4087                |
| 12       | STCL LTD.                                            | -28466               | -29612               | -35252               |
| 13       | BHARAT SANCHAR NIGAM LTD.                            | -885070              | -788444              | -701976              |
| 14       | I T I LTD.                                           | -36980               | -18206               | -34426               |
| 15       | MILLENNIUM TELECOM LTD.                              | -20                  | -20                  | -17                  |
| 16       | FOOD CORPN. OF INDIA                                 | -6463                | -435                 | -927                 |
| 17       | HINDUSTAN VEGETABLE OILS CORPN. LTD.                 | -2378                | -1146                | -2510                |
| 18       | HINDUSTAN SHIPYARD LTD.                              | -8598                | -5517                | -4621                |
| 19       | NORTH EASTERN HANDICRAFTS & HANDLOOM DEV.CORPN. LTD. | -151                 | -150                 | -232                 |
| 20       | ANDAMAN & NICOBAR ISL. FOREST & PLANT.DEV.CORP.LTD   | -3196                | -3571                | -4020                |
| 21       | BHARAT PUMPS & COMPRESSORS LTD.                      | -91                  | -2791                | -524                 |
| 22       | BHEL ELECTRICAL MACHINES LTD.                        | -38                  | -55                  | -106                 |
| 23       | HINDUSTAN CABLES LTD.                                | -64827               | -88505               | -88505               |
| 24       | HINDUSTAN PAPER CORPORATION LTD.                     | -9520                | -15187               | -11850               |
| 25       | HINDUSTAN PHOTO FILMS MANUFACTURING CO. LTD.         | -135232              | -156059              | -156059              |
| 26       | HMT BEARINGS LTD.                                    | -1012                | -207                 | -1598                |
| 27       | HMT CHINAR WATCHES LTD.                              | -4404                | -5116                | -5116                |
| 28       | HMT MACHINE TOOLS LTD.                               | -4614                | -4365                | -5266                |

|   29 | HMT WATCHES LTD.                   |   -22404 |   -24248 |   -24248 |
|------|------------------------------------|----------|----------|----------|
|   30 | INSTRUMENTATION LTD.               |    -6769 |    -5409 |    -6861 |
|   31 | NAGALAND PULP & PAPER COMPANY LTD. |    -1190 |    -1458 |    -1473 |
|   32 | RICHARDSON & CRUDDAS(1972) LTD.    |    -1626 |    -2949 |     -383 |
|   33 | TRIVENI STRUCTURALS LTD.           |    -5233 |    -7587 |    -7587 |
|   34 | TUNGABHADRA STEEL PRODUCTS LTD.    |    -2875 |    -3115 |    -3191 |
|   35 | TYRE CORPORATION OF INDIA LTD.     |    -2086 |    -1636 |    -1636 |
|   36 | BHARAT PETRO RESOURCES LTD.        |    -8894 |   -38264 |   -16617 |
|   37 | BIECCO LAWRIE LTD.                 |    -2013 |    -1195 |    -1439 |
|   38 | HPCL BIOFUELS LTD.                 |    -4360 |   -14722 |   -11588 |
|   39 | PRIZE PETROLEUM COMPANY LTD.       |     -393 |     -126 |    -2281 |

|   40 | BHARAT WAGON & ENGG. CO. LTD.               |   -867 |   -759 |   -667 |
|------|---------------------------------------------|--------|--------|--------|
|   41 | BURN STANDARD COMPANY LTD.                  |  -7610 |  -1966 |   -828 |
|   42 | FRESH & HEALTHY ENTERPRISES LTD.            |  -1222 |   -948 |  -3916 |
|   43 | NATIONAL RESEARCH DEVELOPMENT CORPN.        |    -58 |   -172 |   -108 |
|   44 | SHIPPING CORPORATION OF INDIA LTD.          | -42821 | -11431 | -27466 |
|   45 | HINDUSTAN STEELWORKS COSTN. LTD.            |  -2808 |  -1981 |  -1867 |
|   46 | J & K MINERAL DEVELOPMENT CORPN. LTD.       |    -64 |    -96 |    -74 |
|   47 | THE BISRA STONE LIME COMPANY LTD.           |   -686 |  -1814 |  -1876 |
|   48 | BIRDS JUTE & EXPORTS LTD.                   |  -1109 |   -865 |   -865 |
|   49 | BRITISH INDIA CORPORATION LTD.              |  -6030 |  -8278 |  -8278 |
|   50 | NATIONAL JUTE MANUFACTURES CORPORATION LTD. |  -3821 |  -1600 |   -655 |
|   51 | PONDICHERRY ASHOK HOTEL CORPN. LTD.         |    -38 |    -30 |    -33 |
|   52 | RANCHI ASHOK BIHAR HOTEL CORPN. LTD.        |    -58 |    -95 |    -82 |
|   53 | UTKAL ASHOK HOTEL CORPN. LTD.               |    -60 |    -61 |    -59 |

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