Question : BANK LOAN FOR PUBLIC SECTOR PETROLEUM COMPANIES



(a) the names of the public sector petroleum companies which have taken loans from the banks alongwith the amount of loans taken by them;

(b) the company-wise status as on date and the amount of interest paid by these companies during the last three years, company-wise;

(c) whether the amount of loan taken by the Government if not being utilised by these companies properly;

(d) if so, whether the Government has conducted any enquiry in this regard;

(e) if so, the outcome thereof; and

(f) the action taken by the Government in this regard?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI JITIN PRASADA)

(a) & (b): The details of loans taken from banks as on date and the interest paid by major oil Public Sector Undertakings (PSUs) during the last three years are as under:

(Rs. in crore)
Name of PSU Amount of Loan Interest paid

Oil & Natural Gas 4.97 2.75 Corporation Limited (ONGC)
Oil India Limited Nil 36.12 (OIL)

Gas Authority of India Nil 0.05 Limited (GAIL)

Indian Oil Corporation 21650.00 5282.00 Limited (IOCL)

Bharat Petroleum Corporation 15707.00 3147.68 Limited (BPCL)

Hindustan Petroleum Corporation 21302.00 3752.60 Limited (HPCL)

(c): The loans were utilized for the purpose for which they were taken,

(d) to (f): Do not arise.