(a) whether the National Institute of Secondary Steel Technology at Mohali is facing
financial problems;
(b) if so, the details thereof and the reasons therefor;
(c) whether the Government is contemplating any bail out package for the said institute;
(d) if so, the details thereof and if not, the reasons therefor; and
(e) whether any measure has been proposed by the Government to ensure that there would no
downsizing of the number of employees in the said institute?
THE MINISTER OF STEEL (SHRI BENI PRASAD VERMA)
(a)&(b): Yes, Madam. National Institute of Secondary Steel Technology (NISST) is situated at
Mandi Gobindgarh. Their financial problems are related to payment of salary arrears amounting
to Rs.2.32 crores, which has accrued on account of revision of pay w.e.f. April, 2009. The
income generated by the Institute and the annual grant from Joint Plant Committee (JPC) and
Ferrous Scrap Committee (FSC) are sufficient only to pay the current salaries and other expenses.
(c) No, Madam.
(d) National Institute of Secondary Steel Technology (NISST) is a Society registered under
the Societies Registration Act, 1866. When the Institute was set up, it was not envisaged to
be funded by the Government. However, an amount of Rs.10.08 crores was given to NISST by the
Government from the erstwhile Billet Re-rolling Committee funds for financing the start up needs
of the Institute. The Institute is at present run with the help of revenue grant from Joint
Plant Committee (JPC) and Ferrous Scrap Committee (FSC).
(e) No, Madam.