(a) whether the ECL has incurred a loss during 1999-2000 and its networth comes down to a negative;
(b) if so, whether the Government propose to take any steps for revival of ECL;
(c) if so, the details thereof; and
(d) the time by which a final decision is likely to be taken in this regard?
MINISTER OF STATE FOR COAL (SHRI N.T.SHANMUGAM)
(a): The net worth of Eastern Coalfields Limited (ECL) became negative on account of its
accumulated losses as on 31.3.99 including the annual loss incurred by the company in the
financial year of 1998-99. The accounts of ECL for 1999-2000 are yet to be audited.
(b) & (c): No final shape to the revival package for ECL has so far been given for
seeking approval of the Government.
(d): Does not arise in view of the answer to parts (b) & (c) of the question.