Question : SELLING OF THE UNITS OF SAIL

(a) whether the Steel Authority of India Limited (SAIL) has proposed to sell some of its units to clear its debts;

(b) if so, the details thereof alongwith details of the debts;

(c) the reasons for this huge accumulation of debts;

(d) whether the Government propose to ponder over any other measures to clear the debts rather than selling the units of SAIL; and

(e) if so, the details thereof?

MINISTER OF STATE FOR STEEL (SHRI BRAJA KISHORE TRIPATHY)

(a)to(c): SAIL has prepared a business restructuring plan which envisages concentration on its core business and divest the non-core/non-viable assets with the objective to improve profitability, enhance the resource availability and repayment of loan. The details of the non-core/non-viable units to be divested, while protecting jobs of existing employees are as follows:

- Power Plants at BSL, DSP and RSP
- 2 x 60 MW Captive Power Plant-II at RSP and the Central Power Training Instt. at Rourkela.
- 2 x 60 MW Captive Power Plant-II at DSP.
- 122 MW (2 x 55 MW + 12 MW back pressure turbine) Captive Power Plant-I, 3 x 60 MW Captive Power Plant-II and steam generating capacity of 660 MT/hour at BSL.
- Oxygen Plant-2 at Bhilai Steel Plant
- Salem Steel Plant (SSP)
- Alloy Steel Plant (ASP)
- Visvesvaraya Iron and Steel Plant (VISP)
- Fertiliser Plant at Rourkela Steel Plant; and
- Conversion of IISCO into a Joint Venture with SAIL holding minority shareholding.