(a) whether the Government proposes to revive closed / sick Public Sector Heavy Industries in
the country;
(b) if so, whether there is any revival proposal of Mining and Allied Machinery Corporation
Limited (MAMC) of Durgapur in Joint Venture with Coal India Ltd. and Damodar Valley corporation;
and
(c) if so, the details thereof?
MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI VILASRAO DESHMUKH)
(a) So far as Public Sector Enterprises (PSEs) under the Department of Heavy Industry are
concerned, Board for Reconstruction of Public Sector Enterprises (BRPSE) is making recommendations
on revival and future of the PSEs. Based on recommendations of BRPSE Government has approved
implementation of revival / restructuring packages in case of 15 PSEs.
(b)&(c) The revival of the MAMC (In liquidation) in the form of taking over the assets of the
company by a Consortium consisting of Coal India Limited (CIL), Damodar Valley Corporation (DVC)
and Bharat Earth Movers Limited (BEML) is under consideration subject to the permission by the
High Court of Calcutta.
On 16.5.2002 winding up order of MAMC was passed and the Official Liquidator was appointed by the
High Court of Calcutta to auction the assets of the company.The assets of the company were to be
auctioned on 5th October, 2007, but CIL and DVC moved an application seeking permission for the
takeover of the company. The High Court, Calcutta accepted an application moved by both CIL and
DVC to takeover and granted time of 14 weeks for due diligence.The Court has periodically extended
the time limit for filing a reply.
Meanwhile BEML had joined CIL and DVC as the lead partner in the consortium.