The status of revival of closed/sick/loss making
fertilizer PSUs is as under :
Fertilizer Corporation of India Limited (FCIL) and
Hindustan Fertilizer Corporation Limited (HFCL): The status of revival of the closed units of
FCIL and HFCL is as under :-
Based on the recommendation of Empowered Committee
of Secretaries ECOS, Cabinet Committee on Economic Affairs in its meeting held
on 4.8.2011 approved the proposal for revival of closed units of FCIL and HFCL
with the stipulation that Board for Industrial and Financial Restructuring
(BIFR) proceedings be expedited and thereafter, the matter including changes,
if any, required in bid parameters, be placed before the Committee for a final
decision. Accordingly, the Draft Rehabilitation Schemes (DRS) of HFCL and FCIL
have been submitted to BIFR for their approval. BIFR has appointed State Bank
of India as Operating Agency for examining the DRS of HFCL and FCIL. After the
approval of BIFR, the proposal shall be placed before competent authority for
obtaining approval.
Madras Fertilizer Limited:- Board for Industrial and
Financial Restructuring (BIFR) in its hearing held on 2nd April 2009
declared Madras Fertilizers Limited (MFL) a sick company and appointed State
Bank of India as Operating Agency with the direction to prepare a revival
scheme for the company. Eleven hearings were held so far before BIFR. In the
last hearing held on 27.08.2012, the Bench directed Government of India and
other equity partner to take a decision with regard to the revised option filed
by the Company, and thereafter, the Operating Agency will examine the proposal
and submit a DRS to the BIFR. Accordingly, based on the inputs received from
the company, a revised rehabilitation proposal has been circulated for
inter-ministerial consultation for formalising the view of the Government.
Based on the view of Government and other equity partner, operating agency will
form DRS and submit before BIFR for approval. The next hearing of BIFR is
scheduled on 05.12.2012.
Brahmaputra Valley Fertilizer Corporation Limited
(BVFCL) :- BVFCL has proposed for a new brown field ammonia
urea plant of larger capacity with state-of- art technology at most energy
efficiency at Namrup site. Agreeing in principle to
the proposal, Department of Fertilizers has given clearance to appoint a
consultant to evaluate the available options and recommend the most suitable
one.
Loans
have been waived off in respect of Madras Fertilizers Ltd. (MFL) and FACT in
past. Both the companies have shown profit during the year 2011-12.
The
steps taken by MFL and BVFCL for skill management development of their
personnel are as under;
BVFCL:- For skill
management development the Company provides in-house training programmes with
the available resources. In case of need external expert are also called. The
company has good infrastructure for conducting such trainings.
Besides
this the company also sends its employees for attending training programmes
conducted by Fertilizer Association of India (FAI), Central/regional Labour
Institute, Indian Institute of Public Administration and at the vendors
workshops.
MFL:- MFL is an ISO 9001
certified company and the corporate management is committed to quality
management system and ensures continued up-gradation of Technology, Development
of Human Resources and Improvement of quality of work. Quality objectives of
training are fixed every year and various in-house and external training
programs are conducted regularly.
There
is no proposal to merge sick fertilizer units with profit earning units.
This information was given by the Minister of State
for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
…..
DNM/NSK/NV
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