(a) the number of Public Sector Undertakings under the Central Government which are running in loss for the last three years;
(b) the names of loss making Public Sector Undertakings likely to be taken up for disinvestment during the next two years; and
(c) the time by which all the loss making Public Sector Undertakings are likely to be disinvested?
MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY AND MINISTER OF DISINVESTMENT (SHRI ARUN SHOURIE)
(a) As per Department of Public Enterprises Survey 2001-2002, the number of PSUs under Central Government which are running in loss for the last three years 1999-2000, 2000-2001 and 2001-2002 are 105,110 and 109 respectively.
(b) The names of the PSUs which were loss-making in 2001-2002 and in which disinvestment process is at different stages is given at Annexure I.
(c) The time by which the PSUs is likely to disinvested depends on a variety of factors including market conditions, industry wise business cycle fluctuations, interest of the prospective bidders, the adequacy of the price bid etc. Moreover Government does not sell its equity holding in distress. In cases where the value of land and buildings is significant, often the delay occurs because the property rights are unclear and legally establishing these property rights takes time, though it is necessary to do so to maximize the realisable value.
Annexure I referred to part (b) of the Lok Sabha Unstarred Question No.5645 for 30-4-2003 by Dr. (Mrs.) Rajeswaramma Vukkala.
1 Hindustan Organic Chemicals Ltd. 2 Braithwaite & Co. 3 Burn Standard & Co. 4 Hindustan Salts Ltd. 5 Hindustan Copper Ltd. 6 Madras Fertlisers Ltd. 7 MECON Ltd. 8 National Instruments Ltd. 9 NEPA Ltd. 10 State Trading Corporation of India Ltd. 11 Tyre Corporation of India 12 Tungabahadra Steel Products Ltd. 13 Bharat Opthalmic Glass Ltd. 14 Instrumentation Ltd., Kota (Mother Unit) Includes Palakkad unit, which is disinvested separately. 15 Hotel Corporation of India Ltd – (note 1) 16 India Tourism Development Corporation (note 2) 17 Joint sector hotel properties of ITDC 18 Hotel Ranchi Ashok, Ranchi 19 Hotel Neelachal Ashok, Puri 20 Hotel Lake View Ashok, Bhopal 21 Hotel Pondicherry Ashok, Pondicherry
Note 1 : Hotel Airport, Delhi (including Chefair Delhi) and Chefair Mumbai. The Hotel Corporation of India Ltd., are under disinvestment, the HCI, as a whole, incurred loss in the year 2001-2002.
Note 2 : ITDC Hotel Samrat, New Delhi, ITDC Hotel Jaipur Ashok, ITDC Hotel Patlioputra Ashok, ITDC Hotel Kalinga Ashok, ITDC Hotel Jammu Ashok are under disinvestment. The ITDC as a whole incurred loss in the year 2001-2002.