Government approves revival of 44 Central Public Sector Enterprises

NEW DELHI: The government has approved revival of 44 Central Public Sector Enterprises (CPSEs) with a total assistance of Rs 28,333 crore as on July 31, 2013, Parliament was informed today.


"On the recommendations of the Board for Reconstruction of Public Sector Enterprises (BRPSE), the government has approved revival of 44 CPSEs as on July, 31, 2013 envisaging a total assistance of Rs 28,333 crore," Minister of Heavy Industries and Public Enterprises Praful Patel said in a written reply to the Lok Sabha.

Of the total assistance, cash-assistance was to the tune of Rs 5,273 crore in the form of infusion of funds and non-cash assistance of Rs 23,060 crore in the form of waivers/write-offs of interest/loans and conversion of loans into equity, he added.

In addition, revival plans of 3 sick CPSEs -- Eastern Coal Fields, Bharat Coking Coal and Hindustan Fluorocarbons are being implemented by their holding companies namely Coal India and Hindustan Organic Chemicals, Patel said.

He said the BRPSE had recommended revival of 58 CPSEs including Hindustan Salts, Tyre Corporation of India and Cement Corporation of India, till July 31, 2013 envisaging a total assistance of Rs 39,313 crore.