‘Public sector is in a better position than before’
Are you satisfied with the success achieved in the revival of sick CPSEs?
Out of the 248 CPSEs, 67 have have been referred to the BRPSE. We have received proposals for 62. Of these, we have recommended the revival of 59 and closure of three CSPEs. Of the 59 cases where we have recommended a revival, the government has approved financial packages for 45, of which 24 reported profit in the year 2010-11. As many as 13 companies have been conferred the BRPSE Turnaround Award for posting profit in three consecutive years.
While Hindustan Copper and Konkan Railway Corporation were bestowed the award this year, Bharat Coking Coal and National Film Development Corporation appear as likely candidates for the award next year.
What is on your table right now?
We are going to consider case of BSNL, MTNL and Indian Telephone Industries (ITI) in the
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