The company is engaged in manufacture, sales and servicing of various industrial products like industrial fans, tea machinery, air pollution control equipment, electrical equipments including switchgears and circuit breakers. Six tea companies consisting of 12 tea gardens in West Bengal and Assam, engaged in cultivation, manufacture and processing of tea became a part of the company from 1st April, 1986.

Transformers and Switchgears Limited, Madras and Brentford Electric (India) Limited, Calcutta were also nationalised and vested in Andrew Yule & Company Limited. The Andrew Yule Group includes a subsidiary, M/s. Hooghly Printing Company, and two major associate companies, namely, Dishergarh Power Supply Company and Tide Water Oil Company. As a part of restructuring programme the company’s belting division has been converted into a joint venture company from 1.2.99 with M/s Pheonix, AG Germany Holding 74% of the equity and M/s AY& Co. holding 26% of the equity in the new company. The company is likely to end the year 1999-2000 with a production of Rs.239 crore.

This company was established in the year 1922 for catering to the printing and stationery requirement of the companies under Andrew Yule Group. It is a wholly owned subsidiary of Andrew Yule & Co.Ltd. The production of the company in 1999-2000 is anticipated at Rs.3.10 crore.

The company was established for specially catering to the power generation and distribution equipment needs of the country. BHEL today is a major single point supplier of various equipment, systems and services not only required in Power Sector but, also by various industries, railways etc. It has 14 manufacturing divisions, 8 service centers. The company has a Corporate Research and Development Division at Hyderabad. The company’s inherent potential, coupled with the strong performance over the years resulted in it being chosen among the initial 9 select PSEs which are to be supported by the Government in their endeavour of becoming Global Giants and christening them as Navratnas. The BHEL Board was restructured in Jan ’98 and four non-official part-time directors have been appointed by the Government.

The Company has taken several steps to enter into new business areas where its existing infrastructure, skills and capabilities could be most successfully utilised. Some of the major new products introduced during 1998-99 include large Heat Recovery Steam Generator modules for Utility Gas Turbines in Combined Cycle Power Plants, 3 phase Traction machines and controls for AC locomotives, indigenously developed overhead equipment record-cum-test car for Railways, Disc Insulators for high voltage DC Transmission etc.

In the Export front, BHEL notched up a spectacular success during the year by making its maiden entry in the overseas Petroleum sector for power plant equipment by winning a prestigious order for a 90 MW (3x30MW) Gas Turbine based turnkey power plant in the Sultanate of Oman. This being besides exports to Malaysia, Kuwait, South Africa, Greece, etc.

The Company has formed two Joint Ventures one with M/s Siemens of Germany and the other with M/s General Electric, USA in the areas of Power Plant Improvement for fossil fuel power plants and Repair/Servicing of G.E. design Gas Turbines respectively.

For the year 1998-99, BHEL’s performance against MOU target qualified it for placement in ‘Excellent’ category for the tenth year in succession.

During the year (1999-2000), the Budget for Physical production comprises of 1480 MW of steam turbines, 1050 MW of Turbo Generators, 211 MW of Hydro Turbines and 83 MW of Hydro Generators and other products of Transmission, Transportation & Industry Sectors. The budgeted financial turnover for 1999-2000 is Rs.7100 crores.

Bharat Bhari Udyog Nigam Limited (BBUNL) was incorporated as a holding Company on September 17, 1986, with the primary aim to bring about technical, financial and managerial effectiveness through inter-unit corelation and better coordination with external agencies. It has the following subsidiary companies:

1. Burn Standard Company Limited

Subsidiaries :

(i) Bharat Brakes & Valves Limited (BBVL).

(ii) RBL Ltd. (RBL)

2. Jessop & Company Limited.

3. Bharat Wagon & Engineering Company Limited.

4. Braithwaite & Company Limited.

5. Bharat Process & Mechanical Engineering Limited.

Subsidiary :

(i) Weighbird (India) Limited (WIL)

6. Lagan Jute Machinery Company Limited; and

7. Braithwaite, Burn & Jessop Construction Company Limited.

The aggregate production of all subsidiaries of the Holding company is anticipated to be Rs.618 crore in 1999-2000.

Consequent upon the nationalisation of the erstwhile Burn & Company Limited and the Indian Standard Wagon Company Limited, Burn Standard Company Limited (BSCL) was incorporated on December1, 1976. The company has two large engineering units at Howrah and Burnpur in West Bengal besides eight refractory and ceramic units located in Bihar, West Bengal, Tamil Nadu and Madhya Pradesh. The major products being manufactured by BSCL include wagons, structurals, points and crossings, bogies, ash handling plant, coal handling plant etc. The production of the company during the year 1999-2000 is likely to be Rs.237 crore.

The company became sick and was referred to BIFR. A revival plan sanctioned by BIFR is under implementation which includes fresh infusion of funds by the Government to the extent of Rs.150 crore and financial restructuring of Rs. 465 crore.

Bharat Brakes & Valves Limited (BBVL) came into operation w.e.f. 1.8.78 after nationalisation of erstwhile Company M/s.Grasham & Craven of India (P) Limited. The Company became a wholly owned subsidiary of M/s. Burn Standard Company Ltd., w.e.f. April, 1986.

The Company is mainly engaged in manufacture of equipment required by the Indian Railways for rolling stock and locomotives such as Vacuum Brakes, Exhausters, Slack Adjusters and Air brakes. The company became sick and was referred to BIFR. A revival scheme sanctioned by BIFR is under implementation involving fresh infusion of funds by Government to the extent of Rs.6.27 crore with financial restructuring of Rs.20.34 crore. The production of the company during 1999-2000 is likely to be Rs.8.91 crore.

RBL Ltd. was incorporated on with equity participation by Burn Standard Company Limited (BSCL) and Reyrole Parsons Limited U.K. The Company became a subsidiary of BSCL w.e.f. 25th July 1990. The company is engaged in manufacture of flame proof industrial switchgear, vacuum circuit breakers, flame proof mining switchgear and control panels. The company became sick and was referred to BIFR. A revival plan has been sanctioned by BIFR and the same is under implementation involving fresh infusion of funds by Government to the extent of Rs.4.13 crore with financial restructuring of Rs.2.36 crore. The anticipated production of the company during the year 1999-2000 is Rs.4.67 crore.

Jessop & Company Limited was taken over by the Government with effect from 1^st April, 1973 after nationalisation.

The Company is engaged in design and manufacture of a diversified range of products viz. Railway Rolling Stock, Earth moving Equipment, a wide range of Cranes, various types of Structural Fabrication, Hydraulic Gates, Paper Machinery etc. The company is sick and was referred to BIFR. The company’s revival plan has been sanctioned by BIFR which is under implementation involving fresh infusion of funds by Government to the extent of Rs.43 crore with financial restructuring of Rs.141 crore. The production of the Company during (1999-2000) is anticipated to be Rs.73.15 crore.

Consequent upon nationalisation, the company was taken over by Government in December, 1976. The company has three manufacturing units viz., (i) Clive Works, (ii) Victoria Works and (iii) Angus Works which are engaged primarily in the manufacture of Railway Wagons, general and special purpose cranes including Container Handling Cranes, Rail-Mounted Diesel Loco Breakdown Cranes, Jute Carding Machines and Roll Feeders for Jute industry, etc. The Company has also diversified into manufacture of Tank Wagons, container semi-trailer and steel plant equipment etc.

The company became sick and was referred to BIFR. A revival scheme sanctioned by BIFR is under implementation involving fresh infusion of funds by Government to the extent of Rs.26.68 crore with financial restructuring of Rs.144 crore. The production of the company during the year 1999-2000 is anticipated to be Rs.158 crore.

Bharat Wagon & Engineering Company Limited (BWEL) was formed after nationalisation of Britannia, Mokameh, Bihar and Arthur Butler, Muzaffarpur, Bihar in December, 1979. The main products of the Company are Railway wagons, screw pile bridges, steel fabrications, grey iron castings etc. The production of the company during 1999-2000 is anticipated to be Rs.100 crore.

Bharat Process & Mechanical Engineers Limited (BPME) was incorporated in October, 1980 as a Government Company. The Company became sick and was referred to BIFR. There is practically no production activity in the company. BIFR has recommended winding up of the company in July, 1996. The company was also referred to an "Expert Group" to examine the possibility of revival of the company. Recommendations of the Expert Group have since been received which are being examined.

Weighbird (India) Limited, (WIL) was incorporated in the year 1962 by virtue of nationalisation of the erstwhile Burn and Company Limited and became a wholly owned subsidiary of Bharat Process and Mechanical Engineers Limited.

The product profile of the Company includes a wide variety of weighing equipment, Industrial springs, safe load indicators etc., catering to the requirements of infrastructure sectors like coal, steel, power, refineries, railways and other Government departments. The company became sick and was referred to BIFR. BIFR’s final recommendation of Feb., 1997 for winding up were sent to Calcutta High Court. In the meanwhile, the company was also referred to an "Expert Group" to examine the possibility of revival of the company. Recommendations of the Expert Group have since been received which are being examined.

LAGAN JUTE MACHINERY COMPANY LIMITED :

Lagan Jute Machinery Company Limited (LAGAN JUTE) was taken over by the Government of in July, 1978. The company became a subsidiary of Bharat Bhari Udyog Nigam Limited from 1st May, 1987. The Company manufactures Jute Machinery and spares and Polymer Plate Processors. A proposal for formation of joint venture for this company has been approved by the Government. Accordingly, an MOU has been signed with the respective partner. The company is likely to end the year 1999-2000 with a production of Rs.6.98 crore.

Braithwaite Burn & Jessop Construction Co. Ltd. (BBJ) constituted Braithwaite, BSCL and Jessops in 1935 for erection of the Howrah bridge. BBJ became a subsidiary of Bharat Bhari Udyog Nigam Ltd.(BBUNL), August, 1987.

The Company is engaged in construction of bridges. It has acquired modern technology of construction of cable stayed long span and road bridges. The turnover of the company in 1999-2000 is anticipated to be Rs.28.89 crore.

Bharat Yantra Nigam Limited (BYNL), was incorporated in July, 1986 with corporate office at Allahabad (UP), with the main objective to integrate, monitor and coordinate the activities of the subsidiary companies with a view to secure optimum utilisation of resources and to provide package and turnkey services to various core sectors. It has following 6 companies as its subsidiaries.

1. Bharat Heavy Plate & Vessels Limited, Visakhapatnam.

2. Bharat Pumps & Compressors Limited, Naini, Allahabad.

3. Bridge & Roof Company (India) Limited, Calcutta.

4. Richardson & Cruddas (1972) Limited, Mumbai.

5. Tungabhadra Steel Products Limited, Hospet, Karnataka.

6. Triveni Structurals Limited, Naini, Allahabad.

The total production of all subsidiary companies during 1999-2000 is anticipated to be Rs.840 crore.

Bharat Heavy Plates & Vessels Limited, (BHPV) was set up in the year 1966 for catering to the requirement of equipments for core sectors, such as, Fertilizers, Oil Refineries, Petrochemicals, etc.

The Company has 3 product divisions namely, Process Plant Division, Cryogenics Division, and Boiler Division. The company is gradually shifting its emphasis, from mere manufacturing and supply of equipment to system sales. The Company has entered into MOUs, on a case-to-case basis, with world renowned companies for transfer of technology.

The production of the Company for the year 1999-2000 is anticipated to be Rs. 255 crore.

Bharat Pumps & Compressors Limited, (BPCL) was incorporated in January, 1970 at Naini, Allahabad. The Company is catering to the needs of sectors like, oil, fertilizer, chemicals etc. for various types of pumps & compressors. The company became sick and was referred to BIFR. The company's BIFR sanctioned revival plan is under implementation involving fresh infusion of funds by Government to the extent of Rs.15.75 crore with financial restructuring of Rs. 81 crore. The Company is likely to end the year 1999-2000 with a production of Rs. 45 crore.

Bridge & Roof Company (India) Limited (B&R) was initially a subsidiary of Balmer Lawrie & Co. Ltd. Subsequently, Government of India directly invested additional equity capital of Rs.174 lakhs in December, 1978 and became a Government company. The administrative control of this company was transferred to this Department from Ministry of Petroleum in June, 1986. The company’s operations cover fabrication of medium and heavy structures, civil engineering works in respect of buildings, concrete bridges, project civil works, cooling towers, mechanical erection of complete plants for refineries, fertilizers, chemical, steel, aluminium, etc. The turnover of the company during the year 1999-2000 is anticipated to be Rs.370 crore.

Richardson & Cruddas (1972) Limited (R&C) was taken over from private sector in 1972. It has four units - two in Mumbai & one each in Chennai and Nagpur. The Company became a subsidiary of BYNL with effect from 2nd April, 1987.

The product profile of the Company covers steel structures, transmission line towers, industrial machinery, chemical machinery, refrigeration equipment, etc. The company became sick and was referred to BIFR. A revival plan sanctioned by BIFR is under implementation involving financial restructuring of Rs.110 crore. The company earned profit for the third successive year in 1998-99. Its production during the year 1999-2000 is likely to be Rs.105 crore.

Triveni Structurals Limited (TSL) was incorporated in July, 1965. The Company is primarily engaged in the manufacture of heavy steel structural products such as tall towers & mast for power transmission, communication and T.V. broadcasting, hydromechanical equipment, pressure vessels, etc. The Company became a subsidiary of BYNL in April, 1987.

The company became sick and was referred to BIFR. BIFR sanctioned revival plan is under implementation involving fresh infusion of funds by Government to the extent of Rs.29.22 crore with financial restructuring of Rs.47 crore. The progress of implementation of the sanctioned revival plan has been taken up for review by BIFR. The production during the year 1999-2000 is anticipated to be Rs.30 crore.

Tungabhadra Steel Products Limited (TSP) became a Government company in February, 1967. The company was initially established in April, 1960 as a joint enterprise of the Governments of Karnataka and Andhra Pradesh. The Company was made a subsidiary of BYNL in April, 1987. The Company is engaged in design, manufacture and erection of hydraulic structures, penstocks, building structures, transmission line towers, EOT & gantry cranes, ferrous & non ferrous castings, etc.

The production of the company is anticipated to be Rs.35 crore during 1999-2000.

Cycle Corporation of India Limited (CCIL) was incorporated after nationalisation of Sen Raleigh group of companies in October, 1980. The Company has two factories located at Asansol and Kalyani in West Bengal. The company became sick and was referred to BIFR. In its hearing held on 7.12.1999, BIFR has directed OA (IDBI) to issue advertisement for inviting bids from private enterprises for take over/merger, etc. The advertisement has since been issued. On receipt of response from private promoters, Draft Rehabilitation Scheme will be prepared by OA and submitted to BIFR.

Hindustan Cables Limited (HCL) was set up in 1952 as the first telecommunication cable manufacturing unit in the country. The company has units in Roopnarainpur, West Bengal, Naini, Allahabad and Hyderabad. The Company is engaged in manufacture of a wide range of sophisticated telecommunication cables and wires and is catering to the needs of vital sectors like Railways, Defence, Communication etc.

The performance of the Company has been suffering since 1995-96, mainly due to inadequate capacity utilisation, acute shortage of working capital, higher finance employment cost disproportionate to the value of production. A revival plan of the company has been approved by the Government which includes reservation of orders from Department of Telecommunications and MTNL for two years. Performance of the company has since improved substantially.

The production of the company during 1999-2000 is anticipated to be Rs.804 crore.

HEAVY ENGINEERING CORPORATION LIMITED:

Heavy Engineering Corporation Limited (HEC), Ranchi was incorporated in December, 1958 with the primary objective of achieving self-sufficiency and self-reliance in the field of design and manufacture of equipment and machinery for the Iron and Steel Industry and other core sector industries like, Mining, Metallurgical, etc. It has three manufacturing units as namely :

(ii) Heavy Machine Tools Plant (HMTP)

(iii) Foundry Forge Plant (FFP)

The company manufactures a wide range of equipment for steel plants, material handling equipment like wagon tipplers and EOT cranes, heavy machine tools including CNC machine tools and special purpose machine tools, various types of castings, forgings and rolls etc. The Company became sick and was referred to BIFR. BIFR has sanctioned a revival plan which is under implementation. The company’s production during the year 1999-2000 is anticipated to be Rs.321 crore.

HMT Limited, Bangalore was set up in 1953. The company is engaged in manufacture of Machine tools, watches, tractors, printing machinery, special purpose machines, presses and dairy machinery. It has 15 manufacturing units in 10 States.

HMT has two wholly owned subsidiaries viz. HMT (International) Limited, and HMT (Bearings) Limited and one partly owned subsidiary viz. Praga Tools Limited, Secunderabad.

The company has been making losses continuously for the past few years. A comprehensive turn-around plan of the company is under consideration of the Government. The production of HMT during the year 1999-2000 is anticipated to be Rs.805 crore.

Praga Tools Limited (PTL), Secunderabad, was originally incorporated as a Public Limited Company in May, 1943. It became a Central Public Sector Undertaking in March, 1959. The Company was brought under the Ministry of Industry in April, 1986 after it was transferred from the Ministry of Defence. PTL became a subsidiary of HMT Limited, in February, 1988 when 51% of the paid ;up share capital of the Company was transferred in the name of HMT Limited.

The Company manufactures various types of machine tools viz. CNC cutter & tool grinder, surface grinder, milling machine, CNC milling machine, thread rolling machine, Jig boring machine and CNC Jig boring machine etc. The company became sick and was referred to BIFR. A revival plan of the company has been partially approved by the Government which has been conveyed to BIFR. Recommendations of BIFR are awaited. The production during the year 1999-2000 is anticipated to be Rs.32.74 crore.

HMT (BEARINGS) LIMITED :

HMT (Bearings) Limited (erstwhile Indo-Nippon Precision Bearings) was established in the year 1964 as a state public sector Company. In the year 1981, this Company became a central public sector undertaking as a subsidiary of HMT Limited. The production of the company during the year 1999-2000 is anticipated to be Rs.47.31 crore.

HMT (I) was established in December,1974 as a trading Company for giving greater thrust to exports of the parent Company, HMT Limited. The major items for exports are machine tools, watches and other associated products which are exported to Africa, USSR, Europe, USA, Canada, Australia, etc. New strategies are being adopted for penetrating markets of advanced countries like USA by setting up operational/marketing base or making tie-up arrangements with local companies/trading houses.

The turnover of the company during the year 1999-2000 is anticipated to be Rs. 80 crore.

Instrumentation Limited, Kota (ILK) was set up in 1964. The Company has four manufacturing units, at Kota (Rajasthan), and one each at Jaipur (Rajasthan) and Palghat (Kerala). It also has a subsidiary namely M/s. Rajasthan Electronics and Instruments Ltd. (REIL) at Jaipur. The company provides instruments & systems for power, large process plants like steel, refineries, etc. and is engaged in manufacture of control valves, uninterupted power supply (UPS) systems, railway Signalling systems, telecommunications and defence electronics instruments.

The company became sick and was referred to BIFR. A revival package has been sanctioned by BIFR which is under implementation and involves fresh infusion of funds by Government to the extent of Rs. 66 crore with financial restructuring of Rs. 42.98 crore. The production of the company during the year 1999-2000 is anticipated to be Rs. 145 crore.

Rajasthan Electronics & Instruments Ltd. (REIL) was set up in June 1981 as a Joint Venture of Instrumentation Ltd., Kota and REIICO for manufacturing and supply of electronic milk testers (EMT) to various milk plants, dairies, milk chilling centres and village cooperative societies. The production during the year 1999-2000 is anticipated to be Rs. 22.19 crore.

Mining & Allied Machinery Corporation Limited (MAMC), Durgapur was set up in 1965 with Soviet Co-operation to meet the requirement of equipments for various mining industries including coal, copper, zinc, lignite, iron-ore etc. The company had also diversified into manufacture, erection and commissioning of bulk material handling plants and coal washeries. The company became sick and was referred to BIFR who had issued "show cause" notice in January, 1995 for winding up of the company. However, proceedings of BIFR were stayed by the court. Meanwhile, the company was referred to an "Expert Group" set up to examine the possibility of revival of company, has given its recommendations which are being examined.

National Bicycle Corporation of India Limited (NBCIL) was incorporated on the 27th October, 1980 after having taken over the erstwhile undertakings of Hind Cycles Limited engaged in the manufacture of bicycles and cycle components. The Company has two factories; one is located at Bombay and the other at Ghaziabad (UP). The Company has been incurring losses since its inception. The company became sick and was referred to BIFR. BIFR has since recommended winding up of the company. An ‘Expert Group’ setup to examine the possibility of revival has given its recommendations which are under examination.

NATIONAL INSTRUMENTS LIMITED :

National Instruments Limited (NIL), fully owned by the Government of India, was incorporated in June 1957 and took over the assets & liabilities of National Instruments Factory, a departmentally run workshop under the then Ministry of Production and Supplies. The Company is engaged in the manufacture and trading of various types of Opticals & Opto Electronic Surveying Instruments including Pressure & Vacuum Gauges, Cameras, Gas Meters, etc. together with sophisticated Night Vision devices. The company became sick and was referred to BIFR. BIFR have since sanctioned a revival plan of the company. The production of the company during the year 1999-2000 is likely to be Rs.3.05 crore.

Scooters (India) Limited (SIL) was incorporated as a Government of India enterprise in Sept. 1972. At present, three wheelers are manufactured in its factory located in Lucknow. The company became sick and was referred to BIFR. A revival plan sanctioned by BIFR is under implementation. The company has achieved turnaround in its performance and posted profit consecutively during the past three years. The company is likely to achieve a production of Rs.138.70 crore in 1999-2000.

Bharat Opthalmic Glass Limited (BOGL) was set up in April, 1972 by taking over the Ophthalmic Glass Plant at Durgapur from the National Instruments Limited. The Company is engaged in manufacture of ophthalmic blanks, flint buttons, optical glass, radiation shielding window (RSW) glass and other special quality optical glasses for the Defence, Nuclear and other sectors. BOGL is meeting partly the traditional demand of optical glass for Defence and is the only company of its kind in the country manufacturing ophthalmic & optical glasses. The company became sick and was referred to BIFR. BIFR has recommended winding up of the company in February, 1996 following the appeal filed by the employees union in AAIFR. The case was recommended back to BIFR who directed OA to prepare a revival scheme. Meanwhile, the company was referred to an "Expert Group" for examining the possibility of revival. Recommendations of the "Expert Group" have since been received which are under examination. The production of the company during the year 1999-2000 is anticipated to be Rs.3.93 crore.

CEMENT CORPORATION OF INDIA LIMITED :

Cement Corporation of India Limited (CCI) was established in January, 1965. It has 10 operating units spread over 7 States/Union Territories, located in Mandhar, Akaltara and Nayagaon in MP; Kurkunta in Karnataka; Bokajan in Assam; Rajban in HP; Yerraguntla, Adilabad and Tandur in AP; Charkhi Dadri in Haryana and Delhi Grinding unit in Delhi.

The performance of CCI has been adversely affected due to severe liquidity crunch and infrastructural constraints particularly related to power shortage. The company became sick and was referred to BIFR. Government is exploring the feasibility of Sale/Joint Venture of its unviable units. The production of the company during the year 1999-2000 is anticipated to be Rs. 304 crore.

Hindustan Paper Corporation Limited (HPC) was incorporated in May, 1970, is engaged in manufacture of paper, paperboards, craft paper and newsprint.

HPC is a Holding Company and has 3 subsidiaries and two major integrated pulp and paper mills under it. These are :

1. Hindustan Newsprint Limited (HNL).
2. Mandya National Paper Mills (MNPM).
3. Nagaland Pulp & Paper Company Ltd.(NPPC).

1. Nagaon Paper Mills (NPM)
2. Cachar Paper Mills (CPM)

The production of the company during the year 1999-2000 is likely to be Rs.359 crore.

Mandya National Paper Mills Ltd. (MNPM) was incorporated in the private sector in 1957. After it became sick, HPC took over the management of this mill in January, 1974 as a result of the tripartite agreement between Government of Karnataka, HPC & MNPM. HPC holds 97.8% of equity share capital and entire preference shares. The company became sick and was referred to BIFR. BIFR ordered for its winding up. At present the matter is before AAIFR. Government stand on the future of the company shall be communicated to AAIFR shortly.

Nagaland Pulp & Paper Company Ltd.(NPPC) is a subsidiary of Hindustan Paper Corporation (HPC). HPC holds 95% of the equity shares and the Government of Nagaland holds 5%. The Company which came out of the purview of BIFR due to financial restructuring again became sick as the revival scheme could not be put into operation due to law and order problem, lack of infrastructure and absence of banking facilities. The company has again become sick and referred to BIFR. Government has communicated its stand to BIFR that it will accept any decision of BIFR including winding up. In the meanwhile, on NPPC’s request, BIFR has asked the company to prepare a revival plan and directed OA to discuss with all concerned and submit a report.

Hindustan Newsprint Ltd.(HNL) was originally started as a unit of HPC. Subsequently this unit was converted into a wholly owned subsidiary of HPC in August , 1983. This mill is located in the State of Kerala and is engaged in the production of newsprint. The annual capacity of the plant is one lakh MT. The production during the year 1999-2000 is anticipated to be Rs.213 crore.

Hindustan Photo Films Manufacturing Company Ltd.(HPF) was established in 1960 with the objective of ensuring regular supply of raw cine films to the motion picture industry, x-ray films for health services and defence forces and special photographic materials for photographers. The Company has two manufacturing plants, the main factory at Ootacamund and a plant at Ambattur, near Madras, started production in 1967. The Company undertakes both integrated production and jumbo conversion. The products manufactured by integrated production are cine films positive (black & white), cine films sound negative, medical x-ray films, photographic paper and amateur roll film (black and white). The company has set up a project for manufacturing of 12 million square metres of Polyester based Medical x-ray, Industrial x-ray and Graphic arts films in technical collaboration with DuPont of USA. The company is sick and has been referred to BIFR.

Hindustan Salts Limited (HSL) set up in 1959, is engaged in the production of common salt and salt-based chemicals at its three units located at Kharaghoda (Gujarat), Mandi (HP) and Ram Nagar (UP). Its production during the year 1999-2000 is anticipated to be Rs.6.40 crore. The company has since become sick and was referred to BIFR.

Sambhar Salts Limited (SSL) is a subsidiary of Hindustan Salts Ltd., (HSL). The paid up capital of the company is Rs. 1 crore, 60% of which has been subscribed by HSL and balance 40% by the Government of Rajasthan. The company is producing salt both for edible and industrial use and salt based chemicals. The Company has developed market for mother liquor called bitterns left over after production of salt. The production of the Company during the year 1999-2000 is likely to be Rs.6.43 crore. Due to continuous losses, the company has become sick.

NEPA Ltd., (NEPA) formerly, The National Newsprint & Paper Mills Limited was initially set up in 1947 in private sector. Later on, in October, 1949, its management was taken over by Madhya Pradesh Government (the then Central Provinces & Berar). Central Govt. acquired the controlling interest in 1959 by conversion of loans into equity and became a central PSE. The company produces newsprint and paper. The company became sick and was referred to BIFR. On the recommendation of BIFR, the Company was also referred to the Disinvestment Commission (DC). Efforts to locate a strategic partner has been initiated.

The production during the year 1999-2000 is anticipated to be Rs.104 crore.

Rehabilitation Industries Corporation Limited (RIC), Calcutta was established in April 1959. The primary objective of the Undertaking was rehabilitation of displaced persons from erstwhile East Pakistan (now Bangladesh), Sri Lanka, etc. by giving financial assistance to industrial units mainly in private and cooperative sector. The thirteen (13) production units of the company comprise of Project Division, Fruit Products Division, Engineering Division, Leather Division, Textile Division and Perfect Division with activities ranging from general engineering, coal, handling projects, textiles including silk etc.

Disinvestment Commission, to whom the company was referred, recommended discontinuance of operations and offered a suitable VR package to employees. A Voluntary Separation Scheme (VSS) was introduced for employees and the company was referred to an "Expert Group" for examining the possibility of revival. Recommendations of the Expert Group has since been received which are being examined.

Tannery & Footwear Corporation of India Limited.(TAFCO), Kanpur was set up by the Government of India in 1969 with the objective of taking over the business of two sick units, viz. Cooper Allen & North-West Tannery of the erstwhile British India Corporation Limited to protect employment of persons engaged in these Units and also in the small and ancillary industries supplying raw materials to these Units.

The Company had been manufacturing Boots for Defence/Para-military forces and special purpose shoes for various industrial sectors, such as Oil, Steel, Coal, etc. The company was declared sick and was recommended for winding up by BIFR. Allahabad High Court vide its order dated 18^th August, 1998 ordered winding up and appointment of official liquidator. The employees union filed an appeal against this order of the court which has been admitted by Division Bench, Allahabad High Court.

The company was also referred to an "Expert Group" to examine the possibility of revival. Recommendations of the "Expert Group" has since been received which are being examined.

TYRE CORPORATION OF INDIA LIMITED:

Tyre Corporation of India Limited was incorporated on 14th February, 1984 in which the nationalised undertakings of two sick companies, namely, M/s. Incheck Tyres Limited and M/s. National Rubber Manufacturers Limited were vested on the 5^th March, 1984. It has three operating units viz. (1) Tyre Division at Kankinara, (2) Industrial Rubber Products Division at Tangra and (3) Reclaimed Rubber Unit at Kalyani (West Bengal).

The production line covers automobile tyres & tubes, nylon conveyor belts, hoses, vee and fan belts, etc. A Modernisation-cum-expansion project at Kankinara at a cost of Rs.125 crore for the manufacture of 6.31 lakh tyres and tubes per annum in technical collaboration with Techno Export of Czechoslovakia was subsequently set up. The production during the year 1999-2000 is likely to be Rs. 138 crore.

The company became sick and is was referred to BIFR. A Draft Rehabilitation Scheme (DRS) circulated by BIFR is under process.

Bharat Leather Corporation Ltd., (BLC) was set up in March, 1976. The company performs functions which are promotional and developmental besides undertaking commercial activities like procurement and marketing of leather goods, leather footwear, etc.

The Company is involved in manufacturing of shoes in its Precision shoe lasts factory at Agra and industrial and safety shoes in Package Assistance Scheme (PAS) at Agra. Under the scheme, all the production facilities and inputs are provided by the Company to the artisans along with complete marketing support. The gross receipt during the year 1999-2000 is anticipated to be around Rs.6 crore.

Engineering Projects (India) Limited (EPI) is a turnkey contracting company incorporated in the year 1970. The Company’s field of operation is extensive and includes projects relating to civil and structural engineering, material handling, metallurgical, petrochemical, environment and pollution control etc.

The process of locating JV partner for the company has been initiated in accordance with the recommendations of the Disinvestment Commission. The turnover of the company during the year 1999-2000 is anticipated to be Rs.150 crore.

The National Industrial Development Corporation Limited (NIDC) was established by the Government in 1954. The company is providing consultancy services in the field.

The Company is facing acute shortage of orders. Aggressive marketing efforts are being directed to secure business and also diversify into new sectors offering potential. Meanwhile, consequent upon Government’s ‘in principle’ approval, efforts have been initiated to convert NIDC into a joint venture company.