Lok Sabha Question No. 114 (STARRED), answered on 2015-07-28
Subject: Revival of Sick CPSEs
Ministry: HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
Asked by: PRATHAP SIMHA

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

## LOK SABHA

STARRED QUESTION No. *114

## TO BE ANSWERED ON 28 th  July, 2015

## Revival of Sick CPSEs

## *114.   SHRI  PRATHAP SIMHA:

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

- (a) the details of revival proposals recommended by the Board of Industrial and Financial Reconstruction (BIFR) and  the Board for Reconstruction of Public Sector Enterprises (BRPSEs) during the last three years vis-à-vis the number of such proposals approved by the Government;
- (b) the normative time prescribed and actual time taken in the processing of proposals;
- (c) whether  there  has  been  inordinate  delay  in  according  approval  for  the  recommended proposals and if so, the details thereof; and
- (d) the steps taken by the Government for the revival of sick CPSEs strictly within a fixed time schedule?

## ANSWER

## THE MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI ANANT GEETE)

- (a) to (d): A statement is laid on the Table of the House.

* * *

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(a) to (d):  As per information provided by Board for Industrial and Financial Reconstruction (BIFR), the details of rehabilitation schemes  sanctioned to Central Public Sector Enterprises (CPSEs) during the last three  years by BIFR  are  given in Annex-I. The details of revival proposals recommended by the Board for Reconstruction of Public Sector  Enterprises  (BRPSE)  and  the  number  of  such  proposals  approved  by  the Government during the last three years are given in Annex- II.

No  time  limit  has  been  laid  down  in  the  Sick  Industrial  Companies  (Special Provisions) Act, 1985 (SICA), for the processing and sanction of Rehabilitation Schemes by the Board for Industrial and Financial Reconstruction (BIFR). As per the Resolution dated 6.12.2004, BRPSE is expected to make recommendations within two months from the date of receipt of the complete  proposal  from  the  administrative  Ministry  / Department. Accordingly, BRPSE has considered and given its recommendation, in time, on all the proposals of sick CPSEs referred to it.

The recommendations of BRPSE  are advisory in nature. The administrative ministries/departments  are  responsible  to  process  the  recommendations  of  BRPSE  for obtaining  the  approval  of  the  Government.  Guidelines  have  been  issued  advising Administrative Ministries / Departments to process the recommendations of BRPSE for obtaining the approval of the competent authority with in a time schedule of 8 weeks.

***

## Annex referred to in part (a) to (d) in reply to Lok Sabha Starred Question No.*114 for reply on 28.7.2015

## List of Sick CPSEs for whom rehabilitation schemes have been sanctioned by BIFR during the last three years

|   Sl. No. | Year      | Case No.   | Name of the CPSE                       | Date of Registration in BIFR   | Date of scheme sanctioned   | Current status       |
|-----------|-----------|------------|----------------------------------------|--------------------------------|-----------------------------|----------------------|
|         1 | 2014      | 502/1998   | NEPA Ltd.                              | 29.5.1998                      | 23.1.2014                   | Under implementation |
|         2 | 2013      | 533/1992   | Bengal Chemicals& Pharmaceuticals Ltd. | 15.12.1992                     | 10.12.2013                  | Under implementation |
|         3 | 2012 2012 | 501/1999   | Birds Jute and Exports Ltd.            | 15.2.1999                      | 02.08.2012                  | Under implementation |
|         3 |           | 504/2004   | ITI Ltd.                               | 14.10.2004                     | 27.11.2012                  | Under implementation |

## Annex referred to in part (a) to (d)  in reply to Lok Sabha Starred Question No.*114 for reply on 28.7.2015

No. of revival proposals recommended by BRPSE & approved by the Government during the last 3 years.

| S. No.   | Name of the Ministry/ Department/ CPSE                               | Date of recommendati on of BRPSE   | Date of approval of Govt.   |
|----------|----------------------------------------------------------------------|------------------------------------|-----------------------------|
|          | Department of Heavy Industry                                         |                                    |                             |
| 1        | NEPA Ltd.                                                            | 28.9.2011                          | 6.9.2012                    |
| 2        | HMT Ltd.                                                             | 29.3.2012                          | 18.4.2013                   |
| 3        | HMT Bearings Ltd.*                                                   | 30.5.2013                          | 29.12.2014@                 |
|          | Department of Fertilizers                                            |                                    |                             |
| 4        | Fertilizers &Chemicals Travancore Ltd**                              | 20.12.2013                         | --                          |
| 5        | Brahmaputra Valley Fertilizer Corporation Ltd.                       | 27.2.2014                          | --                          |
|          | Ministry of Development of North Eastern Region                      |                                    |                             |
| 6        | North Eastern Handicrafts and Handlooms Development Corporation Ltd. | 29.6.2012                          | 21.2.2013                   |
|          | Department of Telecommunications                                     |                                    |                             |
| 7        | ITI Ltd.                                                             | 19.7.2013                          | 12.2.2014                   |