8 Miniratna CPSEs have not made Profits
As
per available information, presently there are 67 Miniratna Central
Public Sector Enterprises (CPSEs). Of these 67 Miniratna CPSEs, 8
CPSEs, viz., (1) Bharat Sanchar Nigam Limited, (2) Chennai Petroleum
Corporation Limited, (3) Hindustan Copper Limited, (4) Hindustan
Newsprint Limited, (5) Hindustan Paper Corporation Limited, (6) India
Tourism Development Corporation Limited, (7) KIOCL Limited (earlier
Kudremukh Iron Ore Company Limited), and (8) National Film Development
Corporation Limited have not made net profits continuously for last
three years (2008-09, 2009-10 and 2010-11).
The concerned Ministries/Departments have already been requested to, inter-alia, ensure that the Miniratna CPSEs under their respective administrative control continue to fulfil the laid down criteria for grant of Miniratna status on the basis of their performance during last three years and to issue orders for divestment of Miniratna status of such CPSEs which do not fulfil the laid down criteria. The Government has delegated enhanced financial and operational powers to the Boards of Miniratna CPSEs to facilitate improvement in their performance.
The above information was given by the Minister for Heavy Industries & Public Enterprises Shri Praful Patel in a written reply in the Lok Sabha today.
The concerned Ministries/Departments have already been requested to, inter-alia, ensure that the Miniratna CPSEs under their respective administrative control continue to fulfil the laid down criteria for grant of Miniratna status on the basis of their performance during last three years and to issue orders for divestment of Miniratna status of such CPSEs which do not fulfil the laid down criteria. The Government has delegated enhanced financial and operational powers to the Boards of Miniratna CPSEs to facilitate improvement in their performance.
The above information was given by the Minister for Heavy Industries & Public Enterprises Shri Praful Patel in a written reply in the Lok Sabha today.
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