(a) whether a high level committee set up by the Government has mooted a
proposal to sell the small and under performing Public Sector Undertakings
(PSUs) in the country;
(b) if so, the details thereof;
(c) whether the Government proposes to merge the small and under performing
PSUs with profit earning PSUs rather than selling them;
(d) if so, the details thereof; and
(e) if not, the reasons therefor?
THE MINISTER OF HEAVY INDUSTRIES & PUBLIC ENTERPRISES (SHRI PRAFUL PATEL)
(a) & (b) There is no specific proposal to sell the small and under
performing Central Public Sector Enterprises(CPSEs) in the country or to merge
such CPSEs with other CPSEs. The recommendations of Board for Reconstruction of
Public Sector Enterprises (BRPSE) are submitted to the Government from time to
time for revival of CPSEs through disinvestment or a joint venture partner.
(c) to (e) Government have established Board for Reconstruction of Public
Sector Enterprises in 2004, inter alia, to recommend/explore all options
including merger of sick CPSEs with profit earning CPSEs for revival/
restructuring of sick CPSEs. During the last three years, Government, on the
recommendation of BRPSE has approved the transfer of Bharat Refractories Limited,
Salem Unit of Burn Standard Company Limited to Steel Authority of India Limited
and merger of Braithwaite, Burn & Jessop Company Limited and the Bharat Bhari
Udyog Nigam Limited.