(a) whether Central Public Sector Enterprises have surplus assets which are lying idle;
(b) if so, the details thereof; and
(c) the steps taken/being taken for appropriate utilization of assets?
(a) whether Central Public Sector Enterprises have surplus assets which are lying idle;
(b) if so, the details thereof; and
(c) the steps taken/being taken for appropriate utilization of assets?
MINISTER OF THE STATE IN THE MINISTRY HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
(SHRI SONTOSH MOHAN DEV):
(a) and (b) Surplus assets are identified by managements of Central Public Sector Enterprises
(CPSEs) as per their requirement. As a part of revival/restructuring of CPSEs, utilization of
surplus assets is an important component of restructuring plan. The Government in December,
2004 has set up a Board for Reconstruction of Public Sector Enterprises (BRPSE) for making
recommendations regarding restructuring/revival of sick and loss making. CPSEs. Based on the
recommendations of BRPSE, the Government has, inter-alia, approved disposal/utilization of
surplus assets as a part of revival/restructuring package of CPSEs. As per available
information, a list is enclosed as statement.
(c) The sale proceeds of the surplus assets are utilized for the purposes like payment to
creditors,; repayment of Government of India (GOI) loan and Bank Loans, employees dues
including VRS payments, outstanding payments to other agencies including Central Industrial
Security Force (CISF) and modernization/ expansion of units.