Question : DISINVESTMENT OF PSU IN ORISSA



(a) the details of the Central Sector Public Sector Undertakings (PSUs) in Orissa which are facing a serious financial crisis;

(b) whether the Government have a proposal for the disinvestment of any of those PSUs; and

(c) if so, the details thereof?

Answer given by the minister


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) As per Public Enterprise Survey 1999-2000, the following are the Central Public Sector Undertakings with their registered offices in the State of Orissa, which are in loss:

S.No. Name of PSU	Net Profit/Loss for1999-2000
(Rs.Lakhs)

(i) Paradeep Phosphates Limited. - 10525

(ii) Utkal Ashok Hotel Corporation Ltd. - 103

(iii) Orissa Drugs &Chemical Ltd. - 97


(b)&(c) Of the three-loss making companies, the process of disinvestment is in progress in the case of Paradeep Phosphates Limited. Utkal Ashok Hotel Corporation Limited is a joint venture of India Tourism and Development Corporation (ITDC) and Orissa Development Corporation. The process of disinvestment in this company has not yet been taken up.