(a) whether the Railways had appointed RITES Ltd. to examine and submit a report on revival plan of Bharat Wagon and Engineering Company Ltd.;
(b) if so, the details thereof along with the major recommendations made by RITES Ltd.;
(c) the steps taken/proposed to be taken by the Railways on the said recommendations; and
(d) the other steps taken/being taken by the Railways for revival of the said company in a time bound manner?
MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI MANOJ SINHA)
(a) No, Madam.
(b) Does not arise.
(c) Does not arise.
(d) Based on the recommendations of a multi disciplinary team of officers, set up to formulate a revival plan for, Bharat Wagon and Engineering Company Ltd, Rs. 43 cr. was sanctioned in March 2013 to BWEL towards working capital, payment of backlog salaries, other statutory dues and pressing creditors’ dues, out of which Rs.12 Cr. was released during 2012-13 & Rs. 18 Cr. was released in 2013-14.