Question : RECOVERY OF OUTSTANDING AMOUNTS BY SAIL



(a) the total outstanding amounts to be recovered by the Steel Authority of India Limited from the different major customers as on March 31, 2002; and

(b) the steps taken for recovery of outstanding amounts?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF STEEL (SHRI BRAJA KISHORE TRIPATHY)


(a) The total amounts to be recovered by SAIL as on 31.3.2002 is Rs.1551 crore on sales turnover of Rs.15502 crore.

(b) Debts are generally recovered on time. In all cases of overdue debts, vigorous efforts are made by constant and regular follow-up to recover outstanding dues, and in appropriate cases, legal action is also resorted to.