MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI BALASAHEB VIKHE PATIL)
(a) and (b): Need based loans are granted by the Government to Central Public Sector Undertakings(CPSUs) including sick enterprises on merit. The details of loans granted to CPSUs including sick one & during the last three years are given in Ministry of Finance`s Expenditure Budget Volume 1 of respective years and it is a published document. The rate of interest charged on Government of India loan are announced by the Ministry of Finance from time to time and depends on nature of loan granted. As per Ministry of Finance`s circular date 30.3.2002, the rate of interest charged on investment loans was 13.50% and on working capital loans and loans to meet cash losses 17.50% w.e.f. 1.4.2002 to 31.3.2003. In the previous year the rate of interest was 14% and 18% respectively.
(c) and (d) : In addition to financial assistance, the revival of sick CPSUs depends on other aspects also such as financial and business restructuring, order book position, capacity utilisation, cost control measures, rationalization of manpower, etc. However, as per Public Enterprises Survey 2001-02 which was laid in the Parliament on 3.3.2003 and is a published document, three sick industrial CPSUs namely U.P Drugs and Pharmaceuticals Limited, Vignyan Industries Limited and NTC(APKK&M) Limited have recorded positive improvement in networth during 2001-02 as compared to last year.
(e) and (f): The details of Government of India loan and interest with sick industrial CPSUs are annexed.
(g) to
(i): The interest rates on Government of India loan to CPSUs is reviewed from time to time taking into consideration the prevailing circumstances.
Annexure to reply to para (e) and (f) of Lok Sabha Unstarred Qn. No. 4847 for reply on 24.4.2003
Details of outstanding Govt. of India loans/interests of Sick PSEs registered
with BIFR (as on 31.12.2002) as on 31.3.2002
(Rs. in Crore)
S.No. NAME OF THE COMPANY Loan Interest
1. BENGAL CHEMICALS & PHARMACEUTICALS LTD. 23.58 1.35
2. BENGAL IMMUNITY LTD. 67.44 8.82
3. BHARAT BRAKES & VALVES LTD. 1.44 0.13
4. BHARAT GOLD MINES LTD. 704.38 255.49
5. BHARAT IMMUNOLOGICAL & BIOLOGICALS CORP. LTD. 11.34 0.80
6. BHARAT OPHTHALMIC GLASS LTD. 219.86 22.02
7 BHARAT PUMPS & COMPRESSORS LTD. 16.82 3.37
8. BHARAT REFRACTORIES LTD. 103.18 1.30
9. BHARAT WAGON & ENGG. CO. LTD. 6.57 0.19
10. BIRDS,JUTE & EXPORTS LTD. 11.55 0.90
11. BRITISH INDIA CORPORATION LTD. 252.82 0.00
12. BURN STANDARD COMPANY LTD. 0.00 14.92
13. CAWNPORE TEXTILES LTD. 122.64 11.38
14. CEMENT CORPN. OF INDIA LTD. 974.84 107.55
15. ELGIN MILLS COMPANY LTD. 571.51 45.22
16. FERTILIZER CORPN. OF INDIA LTD. 7027.57 831.58
17. HEAVY ENGINEERING CORPN. LTD. 636.00 27.89
18. HINDUSTAN ANTIBIOTICS LTD. 91.32 1.30
19. HINDUSTAN CABLES LTD. 73.55 10.74
20. HINDUSTAN FERTILIZER CORPN. LTD. 6004.92 633.69 21.
21. HINDUSTAN PHOTO FILMS MANUFACTURING CORPN. LTD.302.14 36.70
22. HINDUSTAN SALTS LTD. 35.09 2.03
23. HINDUSTAN VEGETABLE OILS CORPN. LTD. 127.39 20.30
24. INDIAN DRUGS & PHARMACEUTICALS LTD. 716.24 60.41
25. INSTRUMENTATION LTD. 69.52 7.36
26. NATIONAL INSTRUMENTS LTD. 198.42 0.00
27. NATIONAL JUTE MANUFACTURERS CORPORATION LTD. 2675.08 213.13
28. NEPA LTD 35.65 5.16
29. NORTH EASTERN REGIONAL AGRI. MARKETING CORP.LTD. 0.25 0.00
30. NTC(MAHARASHTRA NORTH)LTD. 4.24 0.00
31. PRAGA TOOLS LTD. 0.00 10.06
32. PROJECTS & DEVELOPMENT INDIA LTD. 68.32 6.33
33. PYRITES, PHOSPHATES & CHEMICALS LTD. 146.57 19.59
34. R B L LTD. 9.62 0.00
35. RICHARDSON & CRUDDAS(1972) LTD. 8.05 0.00
36. SCOOTERS INDIA LTD. 7.53 0.00
37. SMITH STANISTREET & PHARMACEUTICALS LTD. 37.33 4.44
38. TRIVENI STRUCTURALS LTD. 0.00 5.56
39. TYRE CORPORATION OF INDIA LTD. 457.51 33.82 TOTAL 21820.28 2403.53
