(a) whether the Government proposes to sell assets and lands of eight sick and closed PSUs;
(b) if so, the details of assets and lands of closed PSUs;
(c) the authority for taking decision for lease and /or sale or properties and assets of closed units of PSUs; and
(d) the details of the Government initiatives regarding the land and assets of closed units of the PSUs?
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF PLANING AND MINISTER OF STATE IN THE MINISTRY OF CHEMICALS & FERILIZERS.
(RAO INDERJIT SINGH)
(a) & (d): There are total 9 PSUs under the administrative control of Department of Fertilizers. Out of which, 2 PSUs namely The Fertilizer & Chemicals Travancore Ltd (FACT) and Madras Fertilizers Ltd (MFL) are presently sick but not closed. Further, all 8 units of 2 PSUs namely Fertilizer Corporation of India Ltd (FCIL) and Hindustan Fertilizer Corporation Ltd (HFCL) were closed during 2002. The details of Government initiatives on land and assets of closed units of FCIL and HFCL are as under: The Fertilizers Corporation of India Ltd. (FCIL):FCIL is neither sick nor closed PSU. However, as per the approval of CCEA/Cabinet, land and usable assets of closed units of FCIL have been provided to the Joint Ventures of nominated PSUs for setting up of State of the are 12.7 lakh MT per annum capacity Urea Plants at Sindri, Gorakhpur, Ramagundam &Talcher units of FCIL and in lieu of which FCIL would get 11% equity in each of the Joint Venture. Accordingly, Ramagundam unit is being revived by Ramagundam Fertilizers and Chemicals Limited (RFCL), Joint Venture of EIL, NFL & FCIL; Talcher Unit of FCIL is being revived by M/s. Talcher Fertilizers Limited (TFL), a Joint Venture of RCF, GAIL, CIL & FCIL, Sindri and Gorakhpur units of FCIL are being revived by M/s. Hindustan Urvarak and Rasyan Limited (HURL), a Joint Venture of NTPC, CIL, IOL, FCIL & HFCL. Unusable assets/ scrap items are being sold through MSTC with the help of PDIL as approved by CCEA/ Cabinet and sale proceeds of all closed units shall be used by FCIL for settlement of their liabilities and utilize surplus fund for their administrative liabilities.
Hindustan Fertilizer Corporation ltd (HFCL): HFCL is neither sick nor closed PSU. However, as per the approval of CCEA/Cabinet, land and usable assets of closed Barauni Unit of HFCL have been provided to the Joint Venture of nominated PSUs for setting up of state of the art 12.7 lakh MT per annum capacity Urea Plant at Barauni Unit and in lieu of which HFCL would get 11% equity in the Joint Venture. Accordingly, Barauni Unit is being revived by M/s. Hindustan Urvarak&Rasayan Limited (HURL), a Joint Venture of NTPC, CIL, IOCL, FCIL and HFCL. Unusable assets/ scrap items are being sold through MSTC with the help of PDIL as approved by CCEA/ Cabinet and sale proceeds of all closed units shall be used by HFCL for settlement of their liabilities and utilize surplus fund for their administrative liabilities.
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