8 Miniratna CPSEs Have not Made Profits

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The Government has delegated enhanced financial and operational powers to the Boards of Miniratna CPSEs to facilitate improvement in their performance.

INDIA CSR News Network

NEW DELHI: 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 or 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  Praful Patel in a written reply in the Lok Sabha today.

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Posted by indiacsr on Mar 29 2012. Filed under Hot News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.