Concessions given to two PSUs

The CPSEs are incurring losses due to number of factors such as poor order book, shortage of working capital, surplus manpower, obsolete plant and machinery

GN Bureau | February 8, 2017


#PSU   #Rajya Sabha   #Central Public Sector Enterprises   #Babul Supriyo  

Two Central Public Sector Enterprises (CPSEs) under the Department of Heavy Industry (DHI) have been given concessions.

The CPSEs under DHI are incurring losses due to number of factors such as poor order book, shortage of working capital, surplus manpower, obsolete plant and machinery and difficulty to adjust to changing market conditions, said Minister of State in the Ministry of Heavy Industries and Public Enterprises Babul Supriyo in reply to a written question in the Rajya Sabha on Wednesday.

 

  • Cement Corporation of India (Rajban Unit in Himachal Pradesh) has been availing 100% excise duty exemption since 2010. It has availed excise duty concession amounting to Rs.7.37 crore and Rs.9.02 crore in the year 2014-15 and 2015-16 respectively.


 

  • Hindustan Paper Corporation Ltd. was in receipt of grant for meeting its additional operational costs on account of transportation. It has availed grant amounting to Rs.83.50 crore and Rs.50.00 crore during 2015-16 and 2016-17 respectively.

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