Question : Profit and Loss Making PSUs

(a) the details of Public Sector Undertakings (PSUs) under his Ministry along with the profit and loss of the said PSUs, PSU and State-wise;
(b) whether the Government has chalked out an action plan to revive the PSUs incurring losses and make them viable;
(c) if so, the details thereof along with the flagship programmes implemented by the Ministry;
(d) the details of the funds allocated, utilized and unutilized during the last three years and the current year, programmewise; and
(e) the steps taken/proposed to be taken by the Government to promote the PSUs?

MINISTER OF STATE IN THE MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI BABUL SUPRIYO)

(a): The details of Central Public Sector Enterprises (CPSEs) under the administrative control of the Department of Heavy Industry (DHI) alongwith their profit and losses and other relevant details are available in Public Enterprises Survey 2016-17 which has already been laid in the Parliament on 13th March, 2018.

(b) to (d): DHI undertakes appraisals of each loss-making CPSEs wherein appropriate response to the performance of individual CPSEs is determined in consultation with stakeholders after periodic appraisal. CPSEs found chronically sick are disinvested or closed down after payment of attractive Voluntary Retirement Scheme (VRS)/ Voluntary Separation Scheme (VSS) and due compensation to employees.

At present, DHI is not implementing any flagship programme for these CPSEs.

(e): CPSEs which are involved in manufacturing or strategic sector in the country are supported by the Government financially up-gradation / modernisation of their manufacturing facilities as this would bring in funds / technology etc. for the optimum development of business potential and growth of the companies which would further generate more employment opportunities. It would further unlock tied up resources to finance the social sector of the Government benefiting the public.
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