Over Rs 40K-cr revival package to nurse 46 ailing PSUs: Govt

The government has approved Rs 40,885 crore revival package for 46 ailing PSUs, including National Jute Manufacturers Corporation, HMT Ltd, Cement Corporation of India, Konkan Railway Corporation, ITI Ltd and Bharat Coking Coal, Parliament was informed today.
"The government has approved revival of 46 CPSEs (central public sector enterprises) envisaging a total assistance of Rs 40,885 crore (cash assistance of Rs 10,932 crore and non-cash assistance of Rs 29,953 crore)," Union Public Enterprises Minister Anant Geete said in a written reply to Lok Sabha.
As per the Public Enterprises Survey 2013-14, 71 CPSEs incurred loss during that fiscal.
Under the revival package, cash and non cash assistance worth Rs 7,332 crore has been approved for National Jute Manufacturers Corporation; HMT Ltd (Rs 1,083 crore); Cement Corporation of India (Rs 1,452 crore); Konkan Railway Corporation (Rs 4,079 crore); ITI (Rs 4,157 crore); Bharat Coking Coal (Rs 4,779 crore).

Some other big state-owned firms for which the revival package entailing cash and non cash assistance has been approved are HMT Machine Tools (Rs 1,055 crore); NEPA Ltd (Rs 869 crore); Eastern Coalfields Ltd (Rs 2,471 crore); Tyre Corporation of India (Rs 816 crore) and Scooters India Ltd (Rs 202 crore).