(a) whether the Government proposes to fully disinvest NEPA Ltd.;
(b) If so, the details and the reasons therefor;
(c) Whether the Government has taken any steps to safeguard the interests of the workers of
the unit;
(d) If so, the details of the rehabilitation scheme for the workers; and
(e) If not, the reasons therefor?
MINISTER OF STATE IN THE DEPARTMENT OF HEAVY INDUSTRY
(MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES)
(SMT. KANTI SINGH)
(a) & (b): Nepa Ltd. Is a sick PSE under reference to Board for Industrial and Financial
Reconstruction since May 1998. The plant and machinery are old and required substantial investment
for upgradation. The Government has decided to revive the company through Joint Venture partner
by disinvestment of Government of India Equity, preferably to the extent of 74% or 100%. Nepa
Limited (Disinvestment of Ownership) Bill 2007 has been introduced in the Lok Sabha for getting
Parliamentary approval of disinvestment of Nepa Ltd. The Bill has been referred to Department
related Parliamentary Standing Committee on Industry on 17.12.2007.
(c)to (e): The Bill provides that every officer or other employee of the Nepa Ltd., except the
Chairman and Directors, serving in its employment immediately before the disinvestment of the Nepa
Ltd., shall continue in office or service after such disinvestment, on the same terms and
conditions as if the disinvestment of the Nepa Ltd., had not been made and shall continue to do
so until the expiry of the period of one year from the date of such disinvestment. Where an
officer or other employee of the Nepa Ltd. Opts not to continue in the employment or service of
the Nepa Ltd., such officer or other employee shall be deemed to have resigned.