Question : CLOSURE OF MECON LTD.



(a) whether the Government is contemplating to close the MECON Limited;

(b) if so, the reasons therefor;

(c) the number of employees who sought retirement under the voluntary retirement schemes during each of the last three years;

(d) the outstanding debts to be recovered from its customers as on October 31, 2005; and

(e) the volume of outstanding loans to be refunded to the bansk/FIs by the company as on date ?

Answer given by the minister

MINISTER OF CHEMICALS & FERTILIZERS AND MINISTER OF STEEL (SHRI RAM VILAS PASWAN)

(a) No, Sir.

(b) Does not arise in view of (a) above.

(c) The number of employees who opted for retirement under the voluntary retirement scheme during each of the last three years is as follows :-

Year	No. of employees
2002 400 2003 454 2004 87


(d) The outstanding debt to be recovered from clients as on October 31, 2005 was of the order of Rs.74.00 crores.

(e) The volume of outstanding loans to be refunded to the banks/FIs/Government as on November 30, 2005 is as follows :-

Financial Institutions(FIs)	Rs.142 crore
Banks	Rs.87.77crore
Loan from Government	Rs.7.72 crore