labels: industry - general, economy - general
Centre approves revival of 26 central public sector undertakingsnews
16 August 2007

New Delhi: The government has approved the revival of 26 central public sector enterprises, estimated to cost Rs8,263 crore, minister of heavy industries and public enterprises, Sontosh Mohan Dev told the Lok Sabha in a written reply.

Of the revival of 43 central public sector enterprises recommended by the Board for Reconstruction of Public Sector Entreprises (BRPSE), the government has approved reviving 26, Dev said.

Dev said, The revival of these 26 entreprises would entail an assistance of Rs8,263.68 crore from the tax payer. Of this, the cash component would be to the tune of Rs1,941.3 crore and non-cash assistance Rs6,322.38 crore.

The government has also decided 'in-principle' to examine the possibility of reviving Fertiliser Corporation of India Ltd and Hindustan Fertiliser Corporation Ltd, subject to availability of gas.

He said proposals to revive Biecco Lawrie Ltd and Konkan Railway Corporation Ltd were awaiting consideration of BRPSE, which is likely to consider these cases by next month.

Some of the units whose revival has been approved by the government include National Textile Corporation and its subsidiaries, HMT Bearings Ltd, Cement Corporation of India, Fertiliser and Chemicals Travancore Ltd, Eastern Coal Fields, Hindustan Copper Ltd and Andrew Yule and Co Ltd.

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Centre approves revival of 26 central public sector undertakings