Rs 140 crore assistance extended to loss-making PSUs

New Delhi, July 27 (UNI) The Government has approved an amount of Rs.140.31 crore (subject to actuals) to be provided as loan to 15 loss making Public Sector Enterprises (PSEs) under the Department of Heavy Industry for payment of pending salary/wages and statutory dues upto December 2005.

Minister of State for Heavy Industry Kanti Singh told the Lok Sabha in a written reply today that the PSEs are: Andrew Yule and Co.

Ltd., Bharat Heavy Plates and Vessels Ltd., Bharat Opthalmic Glass Ltd., Burn Standard Co. Ltd., Bharat Wagon and Engg. Co. Ltd., Heavy Engineering Corporation Ltd., Hindustan Cables Ltd., HMT (MT) Ltd., HMT (Watches) Ltd., Hindustan Photo Film Mfg. Co. Ltd., Instrumentation Ltd, NEPA Ltd., National Instruments Ltd., Triveni Structural Ltd, and Tungabhadra Steel Products Ltd.

Ms Singh said as per the policy laid down in National Common Minimum Programme (NCMP), Government proposes to revive all viable PSEs. Revival plans are considered on the basis of the recommendations of the Board for Restructuring of Public Sector Enterprises (BRPSE). Out of the above 15 PSEs, cases of 12 PSEs have been submitted to BRPSE, So far the Government has approved the revival of one PSE namely: Heavy Engineering Corporation Ltd.

UNI BKS RP DS1542