Question : COMPANIES IN LOSSES



(a)whether some companies in the corporate sector in Madhya Pradesh have been running in losses;

(b)if so, the details thereof;

(c)the reasons for their losses; and

(d)the time since when those corporate sector companies are incurring losses?

Answer given by the minister

THE MINISTER OF LAW, JUSTICE & COMPANY AFFAIRS AND SHIPPING (SHRI ARUN JAITLEY)

(a) Yes, Sir.

(b) to (d) : Some companies in (i ) Iron & Steel, ( ii ) Textile ,and( iii ) Solvent extraction sectors in Madhya Pradesh have been incurring losses for about last three years due to recession in economy in these sectors.