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, circuit breakers, etc. 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 1^st April 1986. Transformers and Switchgears Ltd., Madras and Brentford Electric (India) Ltd., Calcutta were also nationalized and vested in Andrew Yule & Company Ltd., The Andrew Yule Group includes a subsidiary, M/s Hoogly 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 1.2.1999 with M/s Phoenix, AG Germany holding 74% of the equity and M/s AY & Co. Holding 26% of the equity in the new company. Andrew Yule is likely to end the year 2001-2002 with a production of Rs. 191 crore.

The 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 2001-2002 is anticipated at Rs.6.90 crore. Efforts to explore the possibility of JV formation have been initiated.

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 all systems and equipment required in Power Sector. It has 14 manufacturing Plant, 8 service centers and 4 Power Sector regional centers besides project sites and regional offices spread all over India and abroad. The company has been identifies as Navratna’ PSE.

The company has taken several steps to enter into new business areas where its existing infrastructure, skills and capabilities could be most gainfully utilised. Some such new areas include Waste Heat Recovery Boilers, Gas turbines, AC Locos, Ceralin Insulators, Turret Castings, Desalination plants, 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 area of Servicing/renovation of Thermal Plants and Servicing of Gas turbines respectively.

During the year 2000-2001, 2686 MW BHEL supplied utility sets were commissioned. With this, BHEL built sets constitute 65% of the country’s installed capacity. In addition 92.5 MW of Industrial /captive sets were commissioned in India.

The company is likely to end the year 2001-2002 with a turnover of Rs.7250crore.

Bharat Bhari Udyog Nigam Ltd., (BBUNL) was incorporated as a Holding company on September 17, 1986 with the primary aim of bringing about technical , financial and managerial effectiveness through inter-unit correlation and better coordination with external agencies. It has the following subsidiary companies.

1. Burn Standard Company Ltd.,

Subsidiaries:

1. Bharat Brakes & Valve Ltd., (BBVL)
2. RBL Ltd., (RBL)
2. Jessop & Company Ltd..
3. Bharat Wagon & Engineering Company Ltd.
4. Braithwaite & Company Ltd.
5. Bharat Process & Mechanical Engineers Ltd.,

  Subsidiary:

1. Weighbird (India) Ltd. (WIL)

1. Braithwaite, Burn & Jessop Construction Co. Ltd.

The aggregate production of all operating subsidiaries of the Holding company is anticipated to be Rs. 472.44 crore in 2001-2002.

Consequent upon the nationalization of the erstwhile Burn & Company Ltd. and the Indian Standard Wagon Company Ltd., Burn Standard Company Ltd. (BSCL) was incorporated on December 1, 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, Tamilnadu 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 company became sick and is under reference to BIFR. A revival plan sanctioned by BIFR is under implementation. As per the revival plan, Government has released an amount of Rs.150 crore as fresh infusion of funds and carried out financial restructuring of Rs. 465 crore 7 loss making refractory units and Jellinghum Yard of the company have been closed following the permission granted by the Appropriate Authority.

Government is exploring the possibility of joint venture formation / disinvestments of the Company. The production of the company during the year 2001-2002 is likely to be Rs.154.76 crore.

Bharat Brakes & Valves Ltd. (BBVL) came into operation w.e.f. 1.8.1978 after nationalization of M/s Grasham & Craven of India (P) Ltd. The company became a wholly owned subsidiary of M/s Burn Standard Company Ltd. w.e.f. April 1986.

The company has been manufacturing equipment required by the Indian Railway for rolling stock and locomotive such as Vacuum Brakes, Exhausters, Slack Adjusters and Air brakes. The company became sick and was referred to BIFR. Government released Rs.6.27 crore as fresh infusion of funds and carried out financial restructing of Rs.20.34 crore as a part of the revival scheme sanctioned by BIFR. However, company's performance has not shown any improvement. Efforts to locate a joint venture partner for the company have not proved successful. Meantime, all the employees of the company have availed the benefits of VRS.

RBL Ltd. was incorporated with equity participation by Burn Standard Company Ltd. (BSCL) and Reyrolle Parsons Ltd., U.K. The company became a subsidiary of BSCL w.e.f. 25^th July, 1990. The company has been manufacturing flame proof industrial switchgear, vacuum circuit breakers, flame proof mining switchgear, and control panels. The company became sick and was referred to BIFR as per the revival plan sanctioned by BIFR, Government released Rs. 4.13 crore as fresh infusion of funds and carried out financial restructuring of Rs. 2.36 crore. However company’s performances did not show any improvement. Efforts to locate a joint venture have not succeeded. All the employees of the company have availed the benefits of VRS.

Jessop & Company Ltd. was taken over by the Government with effect 1^st April, 1973. The company has been engaged in design and manufacture of a diversified range of products viz. Railway Rolling Stock, Earth Moving Equipment, a wide range of Cranes, Structural Fabrication, Hydraulic Gates, Paper Machinery etc. The Company became sick and was referred to BIFR. As per the revival plan sanctioned by BIFR, Government has released Rs. 43 crore as fresh infusion of funds and carried out financial restructuring of Rs. 141 crore. Government is exploring the possibility of dis-investment/joint venture formation for the company. The production of the company during 2001-2002 is anticipated to be 66.48 crore.

Consequent upon nationalization, 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, steel structurals, and general and special purpose cranes including Container Handling Cranes, Rail-Mounted Diesel Loco Breakdown Cranes, Jute Carding Machines and Roll Feeders for the Jute industry etc. The company became sick and was referred to BIFR. A revival scheme sanctioned by BIFR is undesr implementation. As per the revival plan, Government has released Rs. 26.68 crore and carried out financial restructuring of Rs. 144 crore. Government is exploring the possibility of disinvestments /joint venture formation for the company. The production of the company during the year 2001-2002 is anticipated to be Rs. 100.76 crore.

Bharat Wagon & Engineering Company Ltd. (BWEL) was formed after nationalization of Britannia, Mokameh, Bihar and Arthus Butler, Muzaffarpur, Bihar in December, 1979. The main products of the company are Railway Wagons, screw pile bridges, steel fabrication, Grey Iron Casting etc. Efforts are being made by the company to diversify and develop other product lines like oil tanks and other structural fabrication and erection work at project sites, to reduce dependence on wagon orders. Government is exploring the possibility of joint venture formation / disinvestments. The production of the company during 2001-2002 is anticipated to be 117.44 crore.

Bharat Process & Mechanical Engineers Ltds. (BPME) was incorporated in October, 1980 as a Government company. The company became sick and was referred to BIFR. BIFR had recommended winding up of the company in July 1996. The undertakings of the company have been closed consequent to the permission granted by the Appropriate Authority. As a safety net to the employees, benefits of VRS under Voluntary Separation Scheme (VSS) were provided. Benefits under VSS are much higher than the compensation under ID Act, `1947.

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

The company became sick and was referred to BIFR. BIFR’s final recommendations of February 1997 for winding up were sent to Calcutta High Court. Appropriate Authority has granted permission and the undertakings of the company have been closed. To avoid hardship to the workers, benefits of VRS under Voluntary Separation Scheme ( VSS) were extended to the employees. Benefits under VSS are much higher than the compensation under ID Act, 1947.

Braithwaite Burn & Jessop Construction Co. Ltd. (BBJ) was constituted by Braithwaite, Burn and Jessop in 1935 for erection of the Howrah Bridge. BBJ turned into a PSE in August 1987 when it became a subsidiary of Bharat Bhari Udyog Nigam Ltd. (BBUNL).

The company is engaged in construction of steel bridges marine structures and jetties etc. BBJ has acquired the modern technology of construction of cable stayed long span road bridges. The company has diversified into marine related activity. The turnover of the company in 2001-2002 is anticipated to be Rs. 33 crore. Efforts to explores the possibility of converting the company into a joint venture have been initiated.

Bharat Yantra Nigam Ltd. (BYNL), was incorporated in July 1986, with the main objective to integrate, monitor and coordinate the activities of the following subsidiary companies with a view to secure optimum utilization of resources and to provide package and turnkey services to various core sectors.

1. Bharat Heavy Plates & Vessels Ltd. Visakhapatnam.
2. Bharat Pumps & Compressors Ltd. Naini, Allahabad.
3. Bridge & Roof Company (India) Ltd. Calcutta.
4. Richardson & Cruddas (1972) Ltd. Mumbai.
5. Tungabhada Steel Product Ltd. Hospet, Karnataka.
6. Triveni Structurals Ltd., Naini, Allahabad.

• Fresh infusion by Government of India to the extent of Rs. 395 crore.
• Closing 5 unviable units and offering VRS to all employees.
• Conversion of Rs. 39.70 crore, Government loan into equity.
• Manpower reduction by 6947 under VRS by 2001-2002.

The product range of HMT Watches Limited includes more than 1500 models catering to all segments of the market , from Economy to Premium and Young to the Old.

HMT brand enjoys a very high brand equity in the Indian Market. The brand has consecutively been adjudged as one of the best Indian brands in surveys by leading agesncies in the country. HMT brand continues to be the main stream brand among major watch dealers in the domestic market.

The production of the Company in 2001-2002 is anticipated to be Rs. 202 crore.

HMT Limited, the first company to start watch manufacturing in India has incorporated " HMT Chinar Watches Limited" as its fully owned subsidiary on 4.9.2000. It manufactures Mechanical gents watches.

HMT Chinar Watches Limited companies one manufacturing Unit at Srinagar, J&K and an Assembly unit at Jammu with Registsered Office at Jammu. The company had employee strength of 789 as on 31-3-2001.

The product range of HMT Chinar Watches Limited includes 13 models. The quality and reliability of HMT watches has been the main selling feature and attraction of the consumer.

HMT Chinar Watches Limited markets its products through the wide marketing network of HMT Watches Limited, another wholly owned subsidiary of HMT Limited.

HMT Chinar Watches Limited has got manufacturing capacity of 5 lakh watches per annum.

Praga Tools Ltd. (PTL) Secunderabad, originally incorporated as a Public Limited Company in May, 1943 became a central public sector enterprise from 31^st March, 1959. PTL became a subsidiary of HMT Ltd. in February, 1988 when 51% of the share capital of the company was transferred in the name of HMT Ltd.

The company has been manufacturing various types of machine tools viz CNC cutter & tool grinder, surface grinder, CNC milling machine, thread rolling machine, Jig bording machine and CNC Jig boring machine etc. The company became sick and was referred to BIFR . The production during the year 2001-2002 is anticipated to be 11.01 crore. Efforts to locate a joint venture partner for the company have not been successful. BIFR has been informed of this and BIFR’s recommendations are awaited.

HMT (Bearings) (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 enterprise as a subsidiary of HMT Ltd. The production of the company during the year 2001-2002 is anticipated to be Rs. 45.10 crore. Efforts to locate a joint venture partner for the company have been initiated as a part of the restructuring.

HMT (I) Ltd. was established in December, 1974 as a trading company for giving greater thrust to exports of the parent company, HMT Ltd. The major items for exports are machine tools, watches and other associated products which are being exported to Africa, USSR, 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 2001-2002 is anticipated to be Rs. 70 crore.

Instrumentation Ltd, Kota (ILK) was set up in 1964 . The company has three manufacturing units at Kota, Rajasthan, Jaipur, Rajasthan and Palakkad, Kerala. It also has a subsidiary namely, M/S Rajasthan Electronics and Instruments Ltd. (REIL) at Jaipur. The company is engaged in manufacture of micro processor based and digital distributed control systems, advanced electronics transmitters, fault tolerant control systems, railway signaling systems, telecommunication equipment etc.

The company became sick and was referred to BIFR. A revival packages sanctioned by BIFR in March, 1999 is under implementation. As per revival plan, Government has released Rs. 66 crore as fresh infusion of funds and carried out financial restructuring of Rs. 42.98 crore. As per the sanctioned revival plan, bids seeking expression of interest (EOI) for the three divisions of ILK, namely Control Valves at Palakkad, DDC at Kota, and Power Electronics (UPS) at Jaipur, were invited. Expression of interest has been received only in the case of Palakkad unit of the company and no EOI was received for DDC and Power Electronics division. Following a review of the progress of implementation of the revival plan of the company, Government has approved reservation of order to the extent 10% of the requirement of telephone exchanges by BSNL for a period of three years. In addition to the above, Government has decided to furnish additional counter guarantee for ILK for raising Rs. 28 crore from the markets to bridges the additional working capital deficit upto March, 2001 and another Rs. 35 crore for giving VRS to 500 employee. Government is making efforts for disinvestments/ JV formation in respect of ICVL and has also been requested to take steps for JV formation of the mother unit of ILK. The production of the company during the year 2001-2002 is likely to be Rs. 125 crore.

Rajasthan Electronics & Instruments Ltd. (REIL) was set up in june 1981 as a Joint Venture of Instrumentation Ltd., Kota and RIICO for manufacture and supply of Electronic Milk Testers (EMT) to various milk plants/dairies, milk chilling centers and villages cooperative societies. The company has divsersified its product ranges to includes Solar photo voltaic modules/system, Electronic Energy meters and information technology . The process of locating a joint venture partner for the company has been initiated as a part of restructuring effort. The production of the company during the year 2001-2002 is anticipated to be Rs. 27.80 crore.

Mining & Allied Machinery Corporation Ltd. (MAMC), Durgapur was set up in 1965. The company has been involved in manufacture of equipments for the mining industries including coal, copper, zinc, liginite, iron–ore etc. The company became sick and was referred to BIFR. BIFR have given its final recommendation for winding up of the company. Following the grant of permission by the ‘Appropriate Authority’ the company has been closed. Benefits of VRS under the Voluntary Separation Scheme (VSS) have been extended to the employees. Benefits under VSS are much higher than the compensation under ID Act, 1947.

National Bicycle Corporation of India Ltd. (NBCIL) was incorporated on the 27^th October, 1980 after having taken over the erstwhile undertaking of Hind Cycles Ltd. engaged in the manufacture of bicycles and components. The company has two factories; one is located at Mumbai 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 recommended winding up of the company. Permission of the ‘Appropriate Authority‘ for closure has been received and the company has been closed. To avoid hardship to employees, benefits under VSS, which are much higher than the compensation under ID Act, 1947, were extended to the employees.

National Instruments Ltd. (NIL) was incorporated as a PSE in June, 1957 after taking over the assests and 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 Pressures & Vacuum Gauges, Cameras, Gas, Meters, etc. together with sophisticated Night Vision devices. The company became sick and was referred to BIFR. As per revival plan sanctioned by BIFR in November 1999, Government has released Rs. 17.96 crore as fresh infusion of funds. However, the company's performance continues to be poor. The company ended the year 2000-2001 with a production of Rs. 5.63 crores. The production of the company during the year 2001-2002 is likely to be 8.60 crore. Efforts to explore the possibility of joint ventures formation for the company have been initiated.

Scooters (India) Ltd. (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. The company has achieved turn around in its performance and posted profits consecutively during the past three years. With the improvement in the performance of the company, it has since come out of the purview of BIFR. The company is likely to achieve a production of Rs. 136.90 crore in 2001-2002.

Bharat Ophthalmic Glass Ltd.(BOGL) was set up in April, 1972 and took over the Ophthalmic Glass Plant at Durgapur from the National Instruments and Opthalmic Glass Ltd. 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. 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 Employee's Union in AAIFR, the case was remanded back to BIFR who directed the OA to prepare a revival scheme. A draft rehabiliation scheme circulated by OA is under examination. In the meantime, an exercise to explore the possibility of joint venture formation has been initiated. The production of the company during the year 2001-2002 is anticipatd to be Rs. 4.33 crore.

Cement Corporation of India Ltd. (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; 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. 7 units out of 10 are non-operational due to various reasons. The company became sick and was referred to BIFR. BIFR has directed the OA to appoint a merchant banker to explore the sale of CCI as a whole as a going concern basis or its units individually or collectively. The production of the company during the year 2001-2002 is anticipated to be Rs. 169.63 crore.

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

HPC is a Holding company and has 2 subsidiaries and two major integrated pulp and paper mills under its control. These are:

1. Hindustan Newsprint Ltd. (HNL)
2. Nagaland Pulp & Paper Company Ltd. (NPPC).

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

The production of the company (NPM and CPM) during the year 2001-2002 is likely to be Rs. 501.46 crore.

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. There is no production activity in the plant. BIFR has since ordered for winding up of the company.

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 having annual capacity of 1 lakh MT is located in the States of Kerala and is engaged in the production of newsprint. The company has undertaken a scheme for establishing a De-inking Plant at a cost of Rs. 52.20 crore. this is likely to improve the financial health of the company and reduce its dependence on forest resources. Efforts to explore the possibility of a joint venture formation have been initiated as a part of the restructuring effort. The production during the year 2001-2002 is anticipated to be Rs. 265.23 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. HPF started production in 1967. The company undertakes both integrated poduction 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 manufacture 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 is under reference to BIFR.

Hindustan salts Ltd. (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, Himachal Pradesh and Ram Nagar, Uttar Pradesh. The company is sick and referred to BIFR. Efforts to locate a joint venture partner for the company have been initiated. Its production during the year 2001-2002 is anticipated to be Rs. 6.50 crore.

Sambhar Salts Ltd. (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 bittern left over after production of salt Efforts have been initiated for converting the company into a joint venture. The production of the company during the year 2001-2002 is likely to be Rs. 7.47 crore.

NEPA Ltd. (NEPA), formerly, the National Newsprint & Paper Mills Ltd. was initially set up in 1947 in private sector. Later on, in October, 1949, its management wsas taken over by MP Govenment then Central Provinvces & Berar. Central Government acquired the controlling interest in 1959 by conversion of loans into equity and it became a central PSE. The company produces Newsprint and paper. The company became sick and was referred to BIFR. Recommendation of the Disinvestments Commission were considered and the Government has approved financial restructuring, VRS etc. apart from strategic sale of 51% to 100% of equity. Efforts have been initiated for undertaking disinvestments/ joint venture formation for the company.

The production of the company during the year 2001-2002 is anticipated to be Rs. 116.71 crore.

Rehabilitation Industries Corporation Ltd. (RIC) Kolkata, was established in April, 1959. The primary objective of the Undertaking was rehabilitation of displaced persons from esrswhile East Pakistan(now Bangladesh), Sri Lanka, etc. by giving financial assistance to industrial units mainly in private and cooperative sector.

Disinvestment Commission, to whom the company was rseferred, recommended discontinuance of operations and offering a suitable VRS package to the employees. The undertakings of the company have been closed consequent to the permission granted by the ‘Appropriate Authority ‘. To avoid hardship to employees, benefits of VRS under Voluntary Separation Scheme (VSS) were extended to the employees. Benefits under VSS are much higher than the compensation under ID Act, 1947.

Tannery & Footwear Corporation of India Ltd. (TAFCO), Kanpur was set up by the Government in 1969 with the objective of taking over the business of sick units , viz. Cooper Allen & North –West Tannery of the British India Corporation Ltd.

The company was declared sick and was recommended for winding up by BIFR to Allahabad High Court vide its orders dated 18^th August, 1998. The Company has been closed consequent to the permission granted by the ‘Approproate Authority. The employees have been extended the benefits of VRS under the Voluntary Separation Scheme (VSS). Benefits under VSS are much higher than the compensation under ID Act, 1947.

Tyre Corporation of India Ltd. was incorporated on 14^th February, 1984 in which the nationalisesd undesrtakings of two sick companies, namely M/s Incheck Tyre National Rubber Manufacturers Ltd. 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 Tyre & Tube, Nylon Conveyor Belts, Hoses, Vee and Fan Belts, etc. A Modernization- cum expansion project at Kankinara was subsequently implemented 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. The company became sick and were referred to BIFR. Tangra Unit of company has since been closed after necessary permission from the ‘Appropriate Authority . Efforts have also been initiated for converting the company into a joint venture. The production during the year 2001-2002 is likely to be Rs. 74.27 crore.

Bharat Leather Corporation Ltd. (BLC) was set up in March, 1976 to undertake promotional and developmental activities besides commercial activities like procurement and marketing of leather goods, leather footwear etc., Efforts to locate a joint venture partner for the company have not been successful. In the meantime, all the employees of the company have availed the benefits of VRS.

Engineering Project (India) Ltd. (EPI) is a premier 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. Financial restructuring of the company has been approved by the Government and the efforts to convert the company into a joint venture company have been initiated.

The turnover of the company during the year 2001-2002 is anticipated to be Rs. 313.57 crore.

The National Industrial Development Corporation Ltd. (NIDC) was established by the Government in 1954. The company has been providing consultancy services in the field of Civil Engineering Projects, Industrial Townships, Water Supply & Treatment, Restructuring, Technology upgradation, Industrial Projects and development of Computerized Management Information System.

The company is facing acute shortage of orders and working capital. Marketing efforts are being directed to secure business in new sectors offering potential. Efforts to convert the company into a joint venture formation have not been successful. The turnover of the company during the year 2001-2002 is likely to be Rs. 0.80 crore.