MINISTER OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES (SHRI BALASAHEB VIKHE PATIL)
(a) The losses suffered by the company during last three years and till date are as under:- Year Loss (Rs. In crore) 1999-2000 57.06 2000-2001 189.26 2001-2002 173.78 2002-2003 (upto January,2003) 90.89
(b) Please see the details in the annexure.
(c) The amount received from selling assets is nil. However, the details of the amount received against rent is as under:- Year Amount (Rs. In crore) 1999-2000 2.39 2000-2001 5.23 2001-2002 11.58
Financial assistance provided by the Government:-
Year Amount (Rs. In crore) 1999-2000 64.80 2000-2001 107.36 2001-2002 137.61
(d) A number of revival package have been implemented to revive the company during 1972 to 1996. The last package was sanctioned in 1996 envisaging additional cash infusion of Rs.252.53 crore besides waiver of interest, conversion of loan into grant/equity etc. Substantial funds have been made available to the company. However, the company could not achieve the target envisaged in the sanction scheme.
ANNEXURE
Annexure referred to in reply to part (b) of the Unstarred Question No.1639 to be answered on 27.02.2003 regarding Performance of Heavy Engineering Corporation Limited - (HEC), Ranchi
Customer (Name of Order received and supplies made against these orders
the companies during last 3 years and till date
Ranchi received
from which HEC,
orders) Order received in Rs. Crore Supplies made in Rs. Crore 1999-2000 2000-01 2001-2002 2002-till 1999-2000 2000-01 2001-02 2002- date till date
1. Steel Authority of 27 28 26 18 27 26 26 11 India Limited (SAIL)
2. Vizag Steel 4 2 8 0 4 2 8 0 Plant (VSP)
3. Coal India Limited 35 36 48 33 35 36 44 16 & its subsidiaries
4. Railways 31 28 13 4 31 28 8 0
5. Defence organizations 1 14 2 1 1 14 2 0
6. MECON (ISRO) 3 15 1 1 3 15 1 0
7 BHEL 4 9 1 0 4 9 1 0
8. Others 26 34 17 13 26 34 17 1 Total 131 166 116 70 131 164 107 28
