(a) whether the Government have decided to disinvest the Paradeep Phosphates Ltd., Orissa;
(b) if so, the details thereof;
(c) whether the Government have received the proposals for reconsideration of the decision; and
(d) if so, the details thereof ?
MINISTER OF STATE (INDEPENDENT CHARGE) OF THE DEPARTMENT OF DISINVESTMENT, MINISTER OF STATE IN THE MINISTRIES OF PLANNING, STATISTICS & PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE DEPARTMENT OF ADMINISTRATIVE REFORMS AND PUBLIC GRIEVANCES (SHRI ARUN SHOURIE)
(a) Yes, Sir
(b) The Government has decided to disinvest 74% of its shareholding in Paradeep Phosphates Ltd. (PPL) through strategic sale.
(c)&(d) During the course of a meeting held on 16th July, 2001 between the representatives of PPL employees and the Secretary (Fertilizers) and Secretary (Disinvestment), four employees` union/associations of PPL have submitted a joint representation requesting for reconsideration of the Government`s decision for disinvestment in PPL. The Government `s stand on the issue has been explained to the unions during the meeting. There is no proposal before the Government to reconsider its decision.