Question : DISINVESTMENT OF COMPANIES

he names of the companies slated for disinvestment, their turnover and profit/loss during the last three years?

Answer given by the minister


MINISTER OF DISINVESTMENT AND MINISTER OF DEVELOPMENT OF NORTH EASTERN REGION (SHRI ARUN SHOURIE)

The names of the companies in which Government held equity is slated for disinvestment during the year 2001-2002, alongwith their turnover and net profit/loss during the years 1997-98 to 1999-2000 are indicated in the Annexure.


Annexure referred to in reply to Lok Sabha Unstarred Question No.2325 for 4-12-2001 regarding disinvestment of companies by Shri Abdul Rashid Shaheen.

(Rupees in crore)
Name of PSUs 1997-98 1998-99 1999-2000 Turn- Net Profit/ Turn- Net Profit/ Turn- Net Profit/ -over Loss (-) -over Loss (-) -over Loss (-)
1. Bharat Heavy 291.08 1.00 214.56 0.94 125.52 -20.21 Plates & Vessels Ltd. (BHPV)
2. @CMC Ltd. 288.16 6.95 338.23 7.31 457.06 12.70

3. IBP Co. Ltd., 4690.38 31.56 5669.91 35.23 6809.69 41.71

4. Indian Petro- 3691.60 243.69 3849.86 29.36 4919.76 188.84 chemicals Cor- poration Ltd. (IPCL)
5. India Tourism 297.05 43.40 279.44 9.94 274.36 -27.33 Development Corporation (ITDC)
6. Instrumenta- 130.62 -22.37 126.88 20.65 124.48 -28.35 tion Ltd. $
7. Jessop & Co. Ltd. 47.18 80.73 49.89 0.70 35.22 -43.92

8. NEPA Ltd. 65.62 -20.16 91.60 - 22.60 97.68 5.68

9. @HTL Ltd. 277.09 5.66 361.05 6.84 450.98 12.45 10. Hindustan 1263.20 73.77 1309.27 76.32 1515.60 90.42 Zinc Ltd.
11. Hotel Corpor- 102.56 17.82 93.54 0.68 84.57 -1.60 ation of India Ltd.
12. Videsh Sanchar 6125.11 967.91 6831.47 1324.96 6967.60 840.27 Nigam Ltd. (VSNL).
13. Maruti Udyog Ltd. 8206.60 651.90 7781.40 523.00 9315.00 330.10

@ Disinvestment process in HTL Ltd. and CMC Ltd. have already been completed .
$ Only one unit of the Instrumentation Ltd. viz., Instrumentation Controls & Valves Ltd. (ICVL) is proposed to be disinvested.