(a) whether the Cement Corporation of India Limited (CCI) has fallen sick;
(b) if so, the reasons for the sickness; and
(c) the steps taken to improve the performance of CCI, Unit-wise?
(a) whether the Cement Corporation of India Limited (CCI) has fallen sick;
(b) if so, the reasons for the sickness; and
(c) the steps taken to improve the performance of CCI, Unit-wise?
THE MINISTER OF STATE FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES (DR. VALLABHBHAI KATHIRIA)
(a) & (b): Yes, Sir. Cement Corporation of India Limited became sick due
to continuous losses and acute liquidity problems and other related factors.
(c) CCI has been referred to the Board for Industrial and Financial
Reconstruction (BIFR) and the BIFR has been considering the feasibility of
revival of the Company.