SALE OF UNITS OF CEMENT CORPORATION OF INDIA

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Only Bokajan unit of Cement Corporation of India Limited (CCI) has been making profits continuously. Rajban unit in Himachal Pradesh was making profit upto 1996-97. However, after 1997, the unit has been incurring losses. Tandur unit in Andhra Pradesh has been making loss but during the year 2001-02, it has made a marginal operating profit.

CCI is a sick company under reference to Board for Industrial and Financial Reconstruction (BIFR), a quasi-judicial body. IFCI, the Operating Agency (OA), is handling the sale of CCI as a whole or its plants, individually or collectively, under the direction of BIFR given in its meeting held on 27.3.2001. CCI is a non-strategic PSU.

This information was given in the Lok Sabha today by Dr. Vallabhbhai Kathiria, Minister of State for Heavy Industries and Public Enterprises in a written reply to a question by Dr. Jayanta Rongpi.