Question : REVIVAL OF SICK PHARMA COMPANIES

(a) whether a number of public sector pharmaceutical companies are sick and running in losses in the country;

(b) if so, the details thereof;

(c) the loss suffered by these companies during each of the last three years, company-wise; and

(d) the action taken/proposed to be taken by the Government to revive these companies ?

Answer given by the minister

THE MINISTRER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS (SHRI SRIKANT KUMAR JENA)

(a): Yes Sir. Out of ten Pharma PSUs under the administrative control of this Department, five are closed and three are making losses.

(b): Details are as under:-

SI. No.	NameofPSU	Status
1.	Hindustan Antibiotics Limited (HAL), Pimpri, Pune	Loss Making
2.	Bengal Chemicals & Pharmaceuticals Limited (BCPL), Kolkata	Loss Making
3.	Indian Drugs & Pharmaceuticals Limited (IDPL), Gurgaon	Loss Making
4.	Karnataka Antibiotics & Pharmaceuticals Limited	Profit Making	(KAPL), Bangaluru
5.	Rajasthan Drugs & Pharmaceuticals Limited (RDPL), Jaipur	Profit Making
6.	Bengal Immunity Limited (BIL), Kolkata	Closed
7.	Smith Stanistreet Pharmaceuticals Limited (SSPL), Kolkata	Closed
8.	Maharashtra Antibiotics & Pharmaceuticals Limited	Closed	(MAPL), Nagpur
9.	Manipur State Drugs & Pharmaceuticals Limited (MSDPL), Manipur	Closed
10.	Orissa Drugs & Chemicals Limited (ODCL), Bhuvaneshwar	Closed

(c): Loss suffered during each of the last three years, company-wise are as under:-

(Rs. in crore)
NameofPSU	2007-08	2008-09	2009-10 (Prov)
IDPL	(438.88)	(481.40)	(518.42)
BCPL	(9.80)	(5.35)	(5.33)
HAL	(20.71)	(22.09)	(21.3S)

Figures shown in bracket indicate Loss.

(d): Government approved the Rehabilitation Scheme of HAL on 09-03-2006 which inter alia involves Cash Infusion of Rs. 137.59 crore and waiver of past loans and interests thereupon to the extent of Rs. 259.43 crore (as on 31-03-2005). Similarly, Government of India also approved the Revival Scheme of BCPL on 21st December 2006 which inter alia involves Cash Infusion of Rs.207.19 crore and waiver of past loans and interests thereupon to the extent of Rs.233.41 crore (as on 31-03-2005).

Revival Scheme of IDPL is under active consideration of this Department. Apart from this, possibilities to revive BIL is also being explored.

Question : REVIVAL OF SICK PHARMA COMPANIES

Answer given by the minister

Search

More from CHEMICALS AND FERTILIZERS

Other Ministries: