(a) whether the Steel Authority of India Limited (SAIL) is likely to break even this year;
(b) if so, the details thereof alongwith the figures of loss as on March 31, 2002;
(c) the details of profit and loss making steel plants; and
(d) the steps being taken to make all the plants profit earning?
MINISTER OF STATE IN THE MINISTRY OF STEEL (SHRI BRAJA KISHORE TRIPATHY)
(a) No, Sir.
(b)&(c): The details of plantwise / unitwise Profit/Loss for the year 2001-02 and accumulated net profit(+) / loss (-) (PAT) as on 31.03.2002 are as under:
Rs./crores.
Plant/Unit Profit / Loss for the year 2001-02 Accumulated profit/ loss as on 31.03.2002
Bhilai Steel Plant (BSP) (+) 477 (+)5437 Durgapur Steel Plant (DSP) (-) 262 (-)4103 Rourkela Steel Plant (RSP) (-)1036 (-)3356 Bokaro Steel Plant (BSL) (-) 459 (+)3850 Alloy Steels Plant (ASP) (-) 149 (-)1225 Salem Steel plant (SSP) (-) 153 (-) 787 Visvesvaraya Iron & Steel Plant (VISL) (-) 103 (-) 336 Other Units (-) 22 (-)1941 SAIL (-)1707 (-)2461
(d) Major steps being taken to improve the profitability of SAIL Plants/Units are as under:
- Intensive cost control drive. - Implementation of Voluntary Retirement Scheme (VRS) - Market oriented product-mix. - Restriction on fresh investment proposals. - Financial/Business restructuring of SAIL was approved by the Govt. of India in February, 2000 to improve profitability and enhance the resource availability.