Lok Sabha Question No. 1085 (UNSTARRED), answered on 2016-07-22
Subject: Sick PSUs
Ministry: FINANCE
Asked by: T. RADHAKRISHNAN, C. N. JAYADEVAN, N.K. PREMACHANDRAN, SUNIL BALIRAM GAIKWAD, GAJANAN CHANDRAKANT KIRTIKAR, VIJAY KUMAR S.R., BIDYUT BARAN MAHATO, ASHOK SHANKARRAO CHAVAN, HARIOM SINGH RATHORE, T.G. VENKATESH BABU

- a) whether the Government has identified sick/ailing/loss making industries/Public Sector Undertakings(PSUs)/Central Public Sector Enterprises(CPSEs) in the country;
2. (b) if so, the details  thereof  and  the  steps  taken  or  proposed  to  be  taken  for revival/liquidation of these units;
3. (c) whether National Institution for Transforming India (NITI) Aayog has recommended disinvestment or closure of some ailing public sector companies; and
4. (d) if so, the details thereof and the reaction of the Government thereto;

## ANSWER

Minister of State for Finance

## (SHRI ARJUN RAM MEGHWAL)

- (a) to (b): As per Public Enterprises Survey 2014-15, there are 77 loss making Central Public Sector  Enterprises  (CPSEs).  A  list  of  the  same  is  at Annexure-I .  Department  of  Public Enterprises has issued guidelines for 'Streamlining the  mechanism  for revival and restructuring  of  sick/incipient  sick  and  weak  CPSEs:  General  principle  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.  The  concerned  administrative  Ministries/  Departments  monitor  the  sickness  of CPSEs and identify the sick/incipient sick/weak CPSEs functioning under their control based on the performance and take redressal measures. They formulate revival/restructuring plans for  such  CPSEs  on  a  case-to-case  basis.  After  obtaining  the  approval  of  competent authority, they implement the plan.
- (c)  to  (d):An  analysis  of  the  sick  and  loss  making  Public  Sector  Enterprises(PSEs)  is presently underway in the NITI Aayog in consultation with the concerned Ministries

*****

## Annexure-I

|         | List of Loss making CPSEs during the year 2014-15   | List of Loss making CPSEs during the year 2014-15   |
|---------|-----------------------------------------------------|-----------------------------------------------------|
| Sl. No. | Name of CPSEs                                       | Net Loss (Rs. in Lakh)                              |
| 1       | INDIAN MEDICINES &PHARMACEUTICAL CORPN. LTD.        | -14                                                 |
| 2       | BENGAL CHEMICALS& PHARMACEUTICALS LTD.              | -1732                                               |
| 3       | FERTILIZERS& CHEMICALS (TRAVANCORE) LTD.            | -39991                                              |
| 4       | HINDUSTAN ANTIBIOTICS LTD.                          | -8963                                               |
| 5       | HINDUSTAN FERTILIZER CORPN. LTD.                    | -38075                                              |
| 6       | HINDUSTAN FLUOROCARBONS LIMITED                     | -377                                                |
| 7       | HINDUSTAN ORGANIC CHEMICALS LTD.                    | -21549                                              |

|   8 | IDPL (TAMILNADU) LTD.                                |    -234 |
|-----|------------------------------------------------------|---------|
|   9 | INDIAN DRUGS &PHARMACEUTICALS LTD.                   |  -16721 |
|  10 | MADRAS FERTILIZERS LTD.                              |  -13469 |
|  11 | PROJECTS &DEVELOPMENT INDIA LTD.                     |    -586 |
|  12 | RAJASTHAN DRUGS &PHARMACEUTICALS LTD.                |   -1976 |
|  13 | AIR INDIA CHARTERS LTD.                              |   -6103 |
|  14 | AIR INDIA ENGINEERING SERVICES LTD.                  |  -38950 |
|  15 | AIR INDIA LTD.                                       | -585991 |
|  16 | AIRLINE ALLIED SERVICES LTD.                         |  -18403 |
|  17 | HOTEL CORPN. OF INDIA LTD.                           |   -5046 |
|  18 | P E C LTD.                                           |  -20854 |
|  19 | STCL LTD.                                            |  -41259 |
|  20 | BHARAT BROADBAND NETWORK LTD.                        |     -29 |
|  21 | BHARAT SANCHAR NIGAM LTD.                            | -823409 |
|  22 | I T I LTD.                                           |  -29712 |
|  23 | MAHANAGAR TELEPHONE NIGAM LTD.                       | -289339 |
|  24 | TCIL BINA TOLL ROAD LTD.                             |    -942 |
|  25 | HINDUSTAN SHIPYARD LTD.                              |  -20284 |
|  26 | VIGNYAN INDUSTRIES LTD.                              |     -22 |
|  27 | NORTH EASTERN HANDICRAFTS & HANDLOOM DEV.CORPN. LTD. |    -440 |
|  28 | NORTH EASTERN REGIONAL AGRI. MARKETING CORP.LTD.     |    -589 |
|  29 | ANDAMAN &NICOBAR ISL. FOREST &PLANT.DEV.CORP.LTD     |   -4509 |
|  30 | SECURITY PRINTING &MINTING CORPN. INDIA LTD.         |  -35207 |
|  31 | HLL BIOTECH LTD.                                     |      -7 |
|  32 | BHARAT PUMPS &COMPRESSORS LTD.                       |   -5482 |
|  33 | BHEL ELECTRICAL MACHINES LTD.                        |    -396 |
|  34 | HEAVY ENGINEERING CORPN. LTD.                        |  -24169 |
|  35 | HINDUSTAN CABLES LTD.                                |  -93299 |
|  36 | HINDUSTAN NEWSPRINT LTD.                             |    -781 |
|  37 | HINDUSTAN PAPER CORPORATION LTD.                     |   -2508 |

|   38 | HINDUSTAN PHOTO FILMS MANUFACTURING CO. LTD.   |   -216436 |
|------|------------------------------------------------|-----------|
|   39 | HINDUSTAN SALTS LTD.                           |      -495 |
|   40 | HMT BEARINGS LTD.                              |     -1777 |
|   41 | HMT CHINAR WATCHES LTD.                        |     -4905 |
|   42 | HMT LTD.                                       |     -9657 |
|   43 | HMT MACHINE TOOLS LTD.                         |    -13494 |
|   44 | HMT WATCHES LTD.                               |    -25920 |
|   45 | INSTRUMENTATION LTD.                           |    -14154 |
|   46 | NAGALAND PULP &PAPER COMPANY LTD.              |     -1538 |
|   47 | NEPA LTD.                                      |     -4871 |
|   48 | RICHARDSON& CRUDDAS(1972) LTD.                 |      -365 |
|   49 | SAMBHAR SALTS LTD.                             |      -983 |
|   50 | TUNGABHADRA STEEL PRODUCTS LTD.                |     -2887 |
|   51 | BROADCAST ENGG. CONSULTANTS INDIA LTD.         |      -139 |
|   52 | NATIONAL FILM DEV. CORPN. LTD.                 |      -919 |
|   53 | BHARAT PETRO RESOURCES LTD.                    |     -3429 |
|   54 | CHENNAI PETROLEUM CORPORATION LTD.             |     -3899 |
|   55 | CREDA HPCL BIOFUEL LTD.                        |      -507 |
|   56 | HPCL BIOFUELS LTD.                             |     -8437 |
|   57 | INDIAN OIL-CREDA BIOFUELS LTD.                 |     -1376 |
|   58 | MANGALORE REFINERY &PETROCHEMICALS LTD.        |   -171223 |
|   59 | BHARAT WAGON&ENGG.CO. LTD.                     |     -1568 |
|   60 | BRAITHWAITE& CO. LTD.                          |     -4461 |
|   61 | BURN STANDARD COMPANY LTD.                     |     -2466 |
|   62 | FRESH& HEALTHY ENTERPRISES LTD.                |     -1447 |
|   63 | INDIAN VACCINE CORP. LTD.                      |      -164 |
|   64 | NATIONAL RESEARCH DEVELOPMENT CORPN.           |       -76 |
|   65 | EASTERN INVESTMENT LTD.                        |     -1272 |
|   66 | HINDUSTAN STEELWORKS COSTN. LTD.               |      -810 |
|   67 | J& K MINERAL DEVELOPMENT CORPN. LTD.           |       -80 |

| 68    | THE BISRA STONE LIME COMPANY LTD.           |    -2727 |
|-------|---------------------------------------------|----------|
| 69    | BIRDS JUTE &EXPORTS LTD.                    |     -585 |
| 70    | BRITISH INDIA CORPORATION LTD.              |    -9494 |
| 71    | NATIONAL JUTE MANUFACTURES CORPORATION LTD. |      -49 |
| 72    | NATIONAL TEXTILE CORPN. LTD.                |   -31625 |
| 73    | ASSAM ASHOK HOTEL CORPN. LTD.               |     -119 |
| 74    | DONYI POLO ASHOK HOTEL LTD.                 |       -3 |
| 75    | PONDICHERRY ASHOK HOTEL CORPN. LTD.         |      -31 |
| 76    | RANCHI ASHOK BIHAR HOTEL CORPN. LTD.        |     -107 |
| 77    | UTKAL ASHOK HOTEL CORPN. LTD.               |      -70 |
| Total | Total                                       | -2735982 |