(a) whether there is any proposal to privatize the Paradeep Phosphate
Limited (PPL);
(b) if so, the reasons therefor; and
(c) the annual loss of the Paradeep Phosphate Limited from 1996 onwards
and the total cumulative loss of the plant, as on December 31, 2001?
THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS & FERTILIZERS (SHRI S.B. MOOKHERJEE)
(a) & (b) The Government has disinvested 74% of its equity held in
Paradeep Phosphates Ltd. (PPL). This is in view of the declared policy of the
Government towards the Public Sector, which is to bring down Government
equity in all non-strategic PSUs to 26% or lower, if necessary.
(c) The total cumulative loss incurred by PPL as on December 31, 2001
was Rs. 552.74 crore. The details of profit & loss earned/incurred by the
company from 1996-97 onwards is given below:
(Rs. in Crore)
1996-97 (-) 60.63 1997-98 (-) 105.53 1998-99 (-) 57.95 1999-00 (+) 23.96 2000-01 (-) 141.03 2001-02 (upto Dec.’01) (-) 121.24