Lok Sabha Question No. 1249 (UNSTARRED), answered on 2015-07-28
Subject: Revival of Sick/Loss Making PSUs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: PARESH RAWAL, SANTOSH AHLAWAT, SUMEDHANAND SARASWATI, MD. BADARIDDOZA KHAN, OM PRAKASH YADAV, RAMCHARAN BOHARA, JAYAKUMAR JAYAVARDHAN, B.V. NAYAK, RAJU ALIAS DEVAPPA ANNA SHETTI

## MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES

## GOVERNMENT OF INDIA DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No.1249 TO BE ANSWERED ON 28.7.2015

## Revival of Sick/Loss Making PSUs

## 1249.  SHRI PARESH RAVAL:

SHRIMATI SANTOSH AHLAWAT: SHRI SUMEDHANAND SARSWATI: SHRI MD. BADARUDDOZA KHAN: SHRI OM PRAKASH YADAV: SHRI RAM CHARAN BOHRA: DR. J. JAYAVARDHAN: SHRI B.V. NAIK: SHRI RAJU SHETTY:

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

- (a) the  details  of  sick  /  loss  making  Public  Sector  Undertakings  (PSUs)  in  the country which are either closed or on the verge of closure, PSU and Statewise, including Tamil Nadu;
- (b) the total investment made and the losses incurred by these PSUs during each of the last three years and the current year, State/UT and PSU-wise;
- (c) whether the Government proposes to provide additional capital assistance/package  to  such  sick  PSUs  in  the  country,  particularly  Khetri Copper Belt in Rajasthan including the unit of Hindustan Copper Limited and if so, the details thereof;
- (d) the number of PSUs recommended for closure by the Board for Industrial and Financial Reconstruction (BIFR);
- (e) the steps taken/being taken by the Government to improve the health / revival of such sick PSUs in the country, PSU-wise; and
- (f)  the details of employees being rendered  unemployed due to closure/sickness of these PSUs during the last three years and the current year and the steps taken by the Government for rehabilitation of such employees?

## ANSWER

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

(a)&(b): As per information available in the Public Enterprises Survey 2013-14 that was laid on the Table of both the Houses of Parliament on 26.2.2015, there are 71 Central  Public  Sector  Enterprise  (CPSEs)  incurred  loss  in  2013-14.  Based  on  the recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE), 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 under the administrative control of Department of Heavy Industry.  The  details  of  loss  making  CPSEs,  State-wise  with  location  (Registered Office),  including  in  Tamil  Nadu,  the    investment  made  in  them  and  the  loss/profit made during the last 3 years (2011-12 to 2013-14) are given in Annex-I.

(c):  After  the  recommendations  of  Board  for  Reconstruction  of  Public  Sector Enterprise (BRPSE), the Government has approved revival of 46 CPSEs envisaging a  total  assistance  of  Rs.  40885  crores  (cash  assistance  of  Rs.  10932  crores   and non-cash assistance of Rs.29953 crores) from Government of India. Details are at Annex-II. Based on the recommendations of BRPSE, the Government sanctioned a revival package in 2007 to Hindustan Copper Ltd. at a cost of Rs.612.94 crores (nonfinancial assistance). Proposal for assistance (financial and non-financial) to CPSE is processed  by  the  concerned  Administrative  Ministry/Department  on  case  to  case basis.

(d):  As  per  the  information  available  in  the  Public  Enterprises  Survey  2013-14, Board for Industrial and Financial Reconstruction recommended for winding up in respect of 19 CPSEs as on 31.3.2014. Out of them, 14 CPSEs have been closed.

(e)&(f):The administrative Ministries/Departments take measures for revival/ restructuring  in respect of CPSEs under their administrative control on case to case basis.

Based  on  the  recommendations  of  Board  for  Reconstruction  of  Public  Sector Enterprises (BRPSE), 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  under  the  administrative  control  of Department  of  Heavy  Industry.  The  details  of  regular  employees  on  the  roll  of  9 CPSEs approved for closure are given in Annex-III.

The  interests  of  the  employees  are  protected  through  the  provision  of  VRS, settlement of employee related dues, statutory dues, etc. The Counselling, Retraining & Redeployment (CRR) Scheme provides opportunities of redeployment through counselling and retraining of separated employees (or their dependents) of CPSEs rendered surplus as a result of modernization, technology up-gradation and manpower restructuring in CPSEs.  The objective is to equip them with skill/expertise enabling them to be deployed in self-employment activities.

* * *

## Annex referred to in part (a) &(b) in reply to Lok Sabha unstarred Question No.1249 for reply on 28.7.2015

| List of Loss-making CPSEs in 2013-14   | List of Loss-making CPSEs in 2013-14             | List of Loss-making CPSEs in 2013-14   | (Rs. In Lakh)   | (Rs. In Lakh)   | (Rs. In Lakh)   | (Rs. In Lakh)   |
|----------------------------------------|--------------------------------------------------|----------------------------------------|-----------------|-----------------|-----------------|-----------------|
| S.                                     | CPSEs                                            | State &location of                     | Profit/ Losses  | Profit/ Losses  | Profit/ Losses  | Investment*     |
| No.                                    |                                                  | Registered Office                      | 2011-12         | 2012-13         | 2013-14         | 2013-14         |
| 1                                      | AIR INDIA CHARTERS LTD.                          | Maharashtra, Mumbai                    | -60250          | -35116          | -9809           | 238306          |
| 2                                      | AIR INDIA LTD.                                   | Delhi, New Delhi                       | -755974         | -549016         | -538882         | 5288800         |
| 3                                      | AIRLINE ALLIED SERVICES LTD.                     | Delhi, New Delhi                       | -11474          | -13339          | -22122          | 225             |
| 4                                      | ANDAMAN&NICOBAR ISL. FOREST & PLANT.DEV.CORP.LTD | Andaman& Nicobar Islands, Port Blair   | -3196           | -3571           | -4020           | 22508           |
| 5                                      | BENGAL CHEMICALS& PHARMACEUTICALS LTD.           | West Bengal, Kolkata                   | -1592           | -1794           | -2906           | 23667           |
| 6                                      | BHARAT PETRO RESOURCES LTD.                      | Maharashtra, Mumbai                    | -8894           | -38264          | -16617          | 292000          |
| 7                                      | BHARAT PUMPS& COMPRESSORS LTD.                   | Uttar Predesh, Allahabad               | -91             | -2791           | -524            | 6153            |
| 8                                      | BHARAT SANCHAR NIGAM LTD.                        | Delhi, New Delhi                       | -885070         | -788444         | -701976         | 1322000         |
| 9                                      | BHARAT WAGON&ENGG. CO. LTD.                      | Bihar, Patna                           | -867            | -759            | -667            | 2213            |
| 10                                     | BHEL ELECTRICAL MACHINES LTD.                    | Kerala, Kasaragod                      | -38             | -55             | -106            | 1050            |
| 11                                     | BIECCO LAWRIE LTD.                               | West Bengal, Kolkata                   | -2013           | -1195           | -1439           | 7476            |
| 12                                     | BIRDS JUTE &EXPORTS LTD.                         | West Bengal, Kolkata                   | -1109           | -865            | -865            | 2356            |
| 13                                     | BRAHMAPUTRA VALLEY FERTILIZER CORPN. LTD.        | Assam, Namrup                          | -12881          | -3264           | -15829          | 52223           |
| 14                                     | BRITISH INDIA CORPORATION LTD.                   | Uttar Pradesh, Kanpur                  | -6030           | -8278           | -8278           | 25936           |
| 15                                     | BURN STANDARD COMPANY LTD.                       | West Bengal, Kolkata                   | -7610           | -1966           | -828            | 21354           |
| 16                                     | CHENNAI PETROLEUM CORPORATION LTD.               | Tamil Nadu, Chennai                    | 6182            | -176684         | -30385          | 214899          |
| 17                                     | CREDA HPCL BIOFUEL LTD.                          | Chhattisgarh, Raipur                   | 502             | -310            | -86             | 2175            |
| 18                                     | FERTILIZERS &CHEMICALS (TRAVANCORE) LTD.         | Kerala, Kochi                          | 1980            | -35396          | -26495          | 83683           |
| 19                                     | FOOD CORPN. OF INDIA                             | Delhi, New Delhi                       | -6463           | -435            | -927            | 1567595         |
| 20                                     | FRESH &HEALTHY ENTERPRISES LTD.                  | Delhi, New Delhi                       | -1222           | -948            | -3916           | 7643            |
| 21                                     | GOA SHIPYARD LTD.                                | Goa,Vasco da Gama                      | 8276            | 1550            | -6109           | 5569            |
| 22                                     | HINDUSTAN ANTIBIOTICS LTD.                       | Maharashtra, Pune                      | -7227           | -6937           | -8423           | 23423           |
| 23                                     | HINDUSTAN CABLES LTD.                            | West Bengal, Kolkata                   | -64827          | -88505          | -88505          | 487913          |
| 24                                     | HINDUSTAN FERTILIZER CORPN. LTD.                 | Delhi, New Delhi                       | -38089          | -38053          | -38050          | 956631          |
| 25                                     | HINDUSTAN FLUOROCARBONS LIMITED                  | Telengana, Hyderabad                   | 252             | 95              | -2482           | 2897            |
| 26                                     | HINDUSTAN NEWSPRINT LTD.                         | Kerala, Kottayam                       | 689             | -1809           | -886            | 10000           |

|   27 | HINDUSTAN ORGANIC CHEMICALS LTD.                   | Maharashtra, Rasayani         |   -7807 |   -13799 |   -17685 |   47479 |
|------|----------------------------------------------------|-------------------------------|---------|----------|----------|---------|
|   28 | HINDUSTAN PAPER CORPORATION LTD.                   | Delhi, New Delhi              |   -9520 |   -15187 |   -11850 |  113002 |
|   29 | HINDUSTAN PHOTO FILMS MANUFACTURING CO. LTD.       | Tamil Nadu, Ootacamund        | -135232 |  -156059 |  -156059 |  374955 |
|   30 | HINDUSTAN SHIPYARD LTD.                            | Andhra Pradesh, Visakhapatnam |   -8598 |    -5517 |    -4621 |   67420 |
|   31 | HINDUSTAN STEELWORKS COSTN. LTD.                   | West Bengal, Kolkata          |   -2808 |    -1981 |    -1867 |   31251 |
|   32 | HINDUSTAN VEGETABLE OILS CORPN. LTD.               | Delhi, New Delhi              |   -2378 |    -1146 |    -2510 |     771 |
|   33 | HMT BEARINGS LTD.                                  | Telengana, Hyderabad          |   -1012 |     -207 |    -1598 |   10144 |
|   34 | HMT CHINAR WATCHES LTD.                            | Jammu &Kashmir, Srinagar      |   -4404 |    -5116 |    -5116 |   16875 |
|   35 | HMT MACHINE TOOLS LTD.                             | Karnataka, Bangalore          |   -4614 |    -4365 |    -5266 |   76194 |
|   36 | HMT WATCHES LTD.                                   | Karnataka, Bangalore          |  -22404 |   -24248 |   -24248 |   65772 |
|   37 | HOTEL CORPN. OF INDIA LTD.                         | Maharashtra, Mumbai           |   -2129 |    -3562 |    -4087 |   14661 |
|   38 | HPCL BIOFUELS LTD.                                 | Bihar,Patna                   |   -4360 |   -14722 |   -11588 |   88787 |
|   39 | I T I LTD.                                         | Karnataka, Bangalore          |  -36980 |   -18206 |   -34426 |   58800 |
|   40 | IDPL (TAMILNADU) LTD.                              | Tamil Nadu,Chennai            |     -36 |     -341 |     -341 |    6593 |
|   41 | INDIAN DRUGS& PHARMACEUTICALS LTD.                 | Haryana, Gurgaon              |  -48988 |   -23958 |   -17443 |  486716 |
|   42 | INDIAN OIL-CREDA BIOFUELS LTD.                     | Chahattisgarh, Raipur         |       0 |        0 |     -346 |    2358 |
|   43 | INDIAN VACCINE CORP. LTD.                          | Haryana, Gurgaon              |      43 |       65 |     -165 |    1879 |
|   44 | INSTRUMENTATION LTD.                               | Rajasthan, Kota               |   -6769 |    -5409 |    -6861 |   27040 |
|   45 | J &KMINERAL DEVELOPMENT CORPN. LTD.                | Jammu& Kashmir, Jammu         |     -64 |      -96 |      -74 |     474 |
|   46 | KANTI BIJLEE UTPADAN NIGAM LTD.                    | Delhi, New Delhi              |     535 |    -1291 |      -54 |  232049 |
|   47 | MSTCLTD.                                           | West Bengal, Kolkata          |   11839 |    13073 |    -7003 |    1451 |
|   48 | MILLENNIUM TELECOM LTD.                            | Maharashtra, Mumbai           |     -20 |      -20 |      -17 |     288 |
|   49 | NAGALAND PULP &PAPER COMPANY LTD.                  | Nagaland                      |   -1190 |    -1458 |    -1473 |   10315 |
|   50 | NATIONAL FERTILIZERS LTD.                          | Delhi, New Delhi              |   12673 |   -17073 |    -8971 |  312239 |
|   51 | NATIONAL FILM DEV. CORPN. LTD.                     | Maharashtra, Mumbai           |     408 |      635 |     -321 |    5565 |
|   52 | NATIONAL JUTE MANUFACTURES CORPORATION LTD.        | West Bengal, Kolkata          |   -3821 |    -1600 |     -655 |   45011 |
|   53 | NATIONAL RESEARCH DEVELOPMENT CORPN.               | Delhi,New Delhi               |     -58 |     -172 |     -108 |     442 |
|   54 | NATIONAL TEXTILE CORPN. LTD.                       | Delhi, New Delhi              |   13014 |     8512 |   -17571 |  306216 |
|   55 | NORTH EASTERN HANDICRAFTS&HANDLOOM DEV.CORPN. LTD. | Meghalaya, Shillong           |    -151 |     -150 |     -232 |    4803 |
|   56 | NORTH EASTERN REGIONAL AGRI. MARKETING CORP.LTD.   | Assam, Guwahati               |     100 |     -282 |     -444 |    1991 |

|   57 | PONDICHERRY ASHOK HOTEL CORPN. LTD.   | Pondicherry              | -38    | -30    |    -33 |    160 |
|------|---------------------------------------|--------------------------|--------|--------|--------|--------|
|   58 | PRIZE PETROLEUM COMPANY LTD.          | Delhi, New Delhi         | -393   | -126   |  -2281 |  12002 |
|   59 | RAJASTHAN DRUGS& PHARMACEUTICALS LTD. | Rajasthan, Jaipur        | 145    | 80     |  -1940 |    983 |
|   60 | RANCHI ASHOK BIHAR HOTEL CORPN. LTD.  | Bihar,Patna              | -58    | -95    |    -82 |    490 |
|   61 | RICHARDSON& CRUDDAS(1972) LTD.        | Maharashtra, Mumbai      | -1626  | -2949  |   -383 |   5484 |
|   62 | SHIPPING CORPORATION OF INDIA LTD.    | Maharashtra, Mumbai      | -42821 | -11431 | -27466 | 703654 |
|   63 | SOLAR ENERGY CORPORATION OF INDIA     | Delhi, New Delhi         | Nil    | Nil    |   -285 |   5700 |
|   64 | STATE TRADING CORPN. OF INDIA LTD.    | Delhi, New Delhi         | 1647   | 1795   | -49220 |   6000 |
|   65 | STCL LTD.                             | Karnataka, Bangalore     | -28466 | -29612 | -35252 |    150 |
|   66 | THE BISRA STONE LIME COMPANY LTD.     | West Bengal, Kolkata     | -686   | -1814  |  -1876 |   8729 |
|   67 | TRIVENI STRUCTURALS LTD.              | Uttar Pradesh, Allahabad | -5233  | -7587  |  -7587 |  71739 |
|   68 | TUNGABHADRA STEEL PRODUCTS LTD.       | Karnataka                | -2875  | -3115  |  -3191 |   1467 |
|   69 | TYRE CORPORATION OF INDIA LTD.        | West Bengal, Kolkata     | -2086  | -1636  |  -1636 |   2963 |
|   70 | UTKAL ASHOK HOTEL CORPN. LTD.         | Odisha, Puri             | -60    | -61    |    -59 |    490 |
|   71 | VIGNYAN INDUSTRIES LTD.               | Karnataka, Tarikere      | 82     | -271   |    -97 |    279 |

* Investment (financial) means paid up capital, share application money pending allotment, money received against share warrants and long-term borrowings.

***

## CASH AND NON-CASH ASSISTANCE APPROVED BY THE GOVERNMENT IN RESPECT OF BRPSE RECOMMENDED PROPOSALS

| S.   | Name of the CPSE                                | Assistance (Rs. in Crore)   | Assistance (Rs. in Crore)   | Assistance (Rs. in Crore)   |
|------|-------------------------------------------------|-----------------------------|-----------------------------|-----------------------------|
| No.  |                                                 | Cash a                      | Non-Cash b                  | Total                       |
|      | Department of Heavy Industry                    |                             |                             |                             |
| 1    | Hindustan Salts Ltd.                            | 4.28                        | 73.30                       | 77.58                       |
| 2    | Bridge &Roof Co. (India) Ltd.                   | 60.00                       | 42.92                       | 102.92                      |
| 3    | BBJ Construction Co. Ltd.                       | --                          | 54.61                       | 54.61                       |
| 4    | Praga Tools Ltd.                                | 5.00                        | 209.71                      | 214.71                      |
| 5    | Heavy Engineering Corporation Ltd.              | 102.00                      | 1116.30                     | 1218.30                     |
| 6    | Cement Corporation of India Ltd.                | 184.29                      | 1267.95                     | 1452.24                     |
| 7    | Richardson &Cruddas(1972) Ltd.                  | -                           | -                           | -                           |
| 8    | Bharat Pumps and Compressors Ltd.               | 3.37                        | 153.15                      | 156.52                      |
| 9    | HMT Machine Tools Ltd.                          | 859.04                      | 196.38                      | 1055.42                     |
| 10   | Bharat Heavy Plate Vessels Ltd.                 | 34.00                       | 665.61                      | 699.61                      |
| 11   | Andrew Yule &Co. Ltd.                           | 87.06                       | 458.14                      | 545.20                      |
| 12   | Instrumentation Ltd.                            | 48.36                       | 549.36                      | 597.72                      |
| 13   | Tyre Corporation of India Ltd.                  | --                          | 815.59                      | 815.59                      |
| 14   | NEPA Ltd.                                       | 234.18                      | 634.94                      | 869.12                      |
| 15   | Scooters India Ltd.                             | 90.38                       | 111.58                      | 201.96                      |
| 16   | HMT Ltd.                                        | 447.92                      | 635.56                      | 1083.48                     |
|      | Ministry of Mines                               |                             |                             |                             |
| 17   | Hindustan Copper Ltd.                           | --                          | 612.94                      | 612.94                      |
| 18   | Mineral Exploration Corporation Ltd.            | -                           | 104.64                      | 104.64                      |
|      | Ministry of Shipping                            |                             |                             |                             |
| 19   | Central Inland Water Transport Corporation Ltd. | 73.60                       | 280.00                      | 353.60                      |
| 20   | Hooghly Dock &Port Engineers Ltd.               | 286.81                      | 631.30                      | 918.11                      |
|      | Department of Defence Production                |                             |                             |                             |
| 21   | Hindustan Shipyard Ltd.                         | 452.68                      | 372.22                      | 824.90                      |
|      | Ministry of Steel                               |                             |                             |                             |
| 22   | MECON Ltd.                                      | 93.00                       | 23.08                       | 116.08                      |
| 23   | Bharat Refractories Ltd.                        | --                          | 479.16                      | 479.16                      |
|      | Ministry of Textiles                            |                             |                             |                             |
| 24   | National Textile Corporation Ltd.               | 39.23                       | -                           | 39.23                       |
| 25   | British India Corporation Ltd.                  | 338.04                      | 108.93                      | 446.97                      |
| 26   | National Jute Manufactures Corporation Ltd.     | 517.33                      | 6815.06                     | 7332.39                     |
|      | Department of Pharmaceuticals                   |                             |                             |                             |
| 27   | Hindustan Antibiotics Ltd.                      | 137.59                      | 267.57                      | 405.16                      |
| 28   | Bengal Chemicals &Pharmaceuticals Ltd.          | 207.19                      | 233.41                      | 440.60                      |
|      | Department of Chemicals &Petrochemicals         |                             |                             |                             |
| 29   | Hindustan Organic Chemicals Ltd.                | 250.00                      | 110.46                      | 360.46                      |
| 30   | Hindustan Insecticides Ltd.                     | -                           | 267.29                      | 267.29                      |
|      | Department of Fertilizers                       |                             |                             |                             |
| 31   | Fertilizers &Chemicals (Travancore) Ltd.        | -                           | 670.37                      | 670.37                      |
|      | D/o Scientific &Industrial Research             |                             |                             |                             |
| 32   | Central Electronics Ltd.                        | -                           | 16.28                       | 16.28                       |
|      | Department of Agriculture &Co-operation         |                             |                             |                             |
| 33   | State Forms Corporation of India Ltd.           | 21.21                       | 124.42                      | 145.63                      |

|    | Ministry of Railways                                                 |          |          |          |
|----|----------------------------------------------------------------------|----------|----------|----------|
| 34 | Konkan Railway Corporation Ltd.                                      | 857.05   | 3222.46  | 4079.51  |
| 35 | Bharat Wagon &Engineering Company Ltd.                               | 59.45    | 136.08   | 195.53   |
| 36 | Braithwaite &Company Ltd.                                            | 4.00     | 280.21   | 284.21   |
| 37 | Burn Standard Company Ltd.                                           | 75.43    | 1139.16  | 1214.59  |
|    | Ministry of Water Resources                                          |          |          |          |
| 38 | National Projects Construction Corporation Ltd.                      | --       | 646.89   | 646.89   |
|    | Ministry of Housing &urban Poverty Alleviation                       |          |          |          |
| 39 | Hindustan Prefab Ltd.                                                | --       | 128.00   | 128.00   |
|    | Ministry of Information &Broadcasting                                |          |          |          |
| 40 | National Film Development Corporation Ltd.                           | 3.00     | 28.40    | 31.40    |
|    | Ministry of Petroleum &Natural Gas                                   |          |          |          |
| 41 | Biecco Lawrie Ltd.                                                   | --       | 59.60    | 59.60    |
|    | Ministry of Development of North Eastern Region                      |          |          |          |
| 42 | North Eastern Handicrafts and Handlooms Development Corporation Ltd. | 8.50     | 83.06    | 91.56    |
|    | Department of Telecommunications                                     |          |          |          |
| 43 | ITI Ltd.                                                             | 3986.00  | 170.79   | 4156.79  |
|    | Revival plan Implemented by Holding Companies                        |          |          |          |
|    | Department of Chemicals &Petrochemicals                              |          |          |          |
| 44 | Hindustan Fluorocarbons Ltd.                                         | 12.53    | 56.52    | 69.05    |
|    | Ministry of Coal                                                     |          |          |          |
| 45 | Eastern Coal Fields Ltd.                                             | --       | 2470.77  | 2470.77  |
| 46 | Bharat Coking Coal Ltd.                                              | 1350.00  | 3428.55  | 4778.55  |
|    | Total for revival                                                    | 10932.52 | 29952.72 | 40885.24 |

a Cash Assistance  involve budgetary support through equity/loan/grants

- b Non-cash Assistance involve waiver of interest, penal interest, GOI loan, Guarantee fee, conversion of loan into equity/debentures etc.

***

## Annex referred to in part (e) &(f) in reply to Lok Sabha unstarred Question No.1249 for reply on 28.7.2015

## Details of CPSES approved for closure

|   Sl. No. | Name of the CPSE                             | No. of Employees (as on 31.3.2014)   |
|-----------|----------------------------------------------|--------------------------------------|
|         1 | Bharat Ophthalmic Glass Ltd.                 | --                                   |
|         2 | Bharat Yantra Nigam Ltd.                     | --                                   |
|         3 | Hindustan Photo Films Manufacturing Co. Ltd. | 687*                                 |
|         4 | HMT Watches Ltd.                             | 1055                                 |
|         5 | HMT Chinnar Watches Ltd.                     | 34                                   |
|         6 | Hindustan Cables Ltd.                        | 1709                                 |
|         7 | HMT Bearings Ltd.                            | 62                                   |
|         8 | Tungabhadra Steel Products Ltd.              | 84                                   |
|         9 | STCL Ltd.                                    | 25                                   |

* As on 31.3.2013 ****