Question : REVIVAL OF IDPL



(a) whether the Government have finalised any plan for the revival of IDPL;

(b) if so, the details thereof; and

(c) if not, the reasons therefor?

Answer given by the minister


The Minister of State in the Ministry of CHEMICALS AND FERTILIZERS (Shri Tapan Sikdar)

(a)& (b): IDPL is a sick company under reference to the Board for Industrial and Financial Reconstruction (BIFR). A communication has been sent to the BIFR intimating the following concessions/facilities that the Government intends to provide to facilitate its privatisation through the induction of strategic partners:


(i)Conversion of Government loan into equity.


(ii)Waiver of interest/penal interest and guarantee fee by the Government of India.

(iii)Payment of outstanding statutory dues and funding of VRS.
(c): Does not arise in view of reply above.