:
(a) whether it is a fact that the Government have privatized a
fertilizer plant in Orissa;
(b) if so, the details thereof;
(c) whether there is any clause in the agreement under which the
Government may have to return 150 crores to the company;
and
(d) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS & FERTILIZERS (DR. CHHATTRA PAL SINGH)
(a) & (b): Yes, Sir. The Government has divested 74% of its
equity in Paradeep Phosphates Ltd. in favour of the strategic
buyer, M/s. Zuari Maroc Phosphates Private Ltd.
(c) & (d) : The sale agreement includes a post-closing adjustment
clause under which the strategic buyer has submitted a claim of
Rs. 151.55 crore.