Question : PERFORMANCE OF HEC AT RANCHI

(a) the details of purchase orders with the Heavy Engineering Corporation (HEC), Ranchi in Bihar;

(b) whether the HEC has made necessary improvements in its functioning;

(c) if so, the details of profits and losses of the HEC during the last three years; and

(d) the details of measures taken by the Government to ensure smooth functioning of this Corporation?

MINISTER OF STATE FOR HEAVY INDUSTRIES & PUBLIC ENTERPRISES

(DR. VALLABH BHAI KATHIRIA)

(a) : HEC has purchase orders mainly from Steel, Coal & Defence sectors valued at approx. Rs.108 crores as on 1.5.2000.

(b) HEC has not been able to make necessary improvements in its functioning mainly due to shortage of orders.

(c) The net loss during the last three years is as follows:

(Rupees in crores)
YEAR Net Loss
1997-98 71.97 (audited)
1998-99 50.63 (audited)
1999-2000 57.18 (unaudited).