(a) whether the report prepared by two experts on revival of CCI has been
received by the Government;
(b) if so, the action taken/being taken by the Government on this report;
(c) whether any other option for the revival of CCI besides this, is under
consideration; and
(d) if so, the details thereof?
MINISTER OF STATE FOR HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (DR. VALLABHBHAI KATHIRIA)
(a) Yes, Sir.
(b) to (d): Cement Corporation of India (CCI) is under reference to Board
for Industrial & Financial Reconstruction (BIFR) and has been declared sick.
In pursuance to BIFR`s directions given on 28.7.2000, Government has
considered the feasibility of CCI`s revival and conveyed its stand to BIFR
that the feasibility of outright sale of all units of the company,
individually or collectively, may be considered. The revival scheme
prepared by the two experts is more or less similar to the plan already
considered by the Government. BIFR is considering various options regarding
the future of the company. BIFR is a quasi judicial body.