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Ministry of Textiles
SALE OF SURPLUS ASSETS
प्रविष्टि तिथि:
09 DEC 2025 3:08PM by PIB Delhi
As per the Board for Industrial and Financial Reconstruction (BIFR) Scheme, NTC has accumulated ₹6,154.94 crore through sale of surplus assets for implementing revival and modernization of NTC, which were spent towards Modernisation (₹1,543.38 crore as provided below), Modified Voluntary Retirement Scheme (i.e.₹2,384.78 crore); Payment of other dues (i.e. ₹577.96 crore) and Corpus which was utilized over a period upto 2021(i.e ₹1,648.82 crore).
In the year 2002, BIFR had sanctioned the revival scheme for NTC as per which 53 mills were proposed to be modernized by NTC. However, this revival scheme was later modified, first in the year 2006 and then in the year 2008. Since then, 23 mills were made operational by NTC. However, operation of these mills was suspended due to declaration of Nation-wide lockdown on 25.03.2020. Subsequently, with the ease of lockdown restrictions, operation of some of the mills were resumed but could not be sustained after 2021.
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Sr. No.
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Name of the Mills and Location
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Amount Spent (Rs. in Cr.)
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1
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Algappa Textile Mills, Thrissur, Kerala
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25.34
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2
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Cannanore S & W Mills, Cannore, Kerala
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130.76
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3
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Kerala Laxmi Mills, Thrissur, Kerala
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26.83
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4
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Vijayamohini Mills, Thiruvandrum, Kerala
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26.09
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5
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Cannanore S & W Mills, Mahe, Puducherry
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37.21
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6
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Podar Mills, Mumbai, Maharashtra
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40.45
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7
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Barshi Textile Mills, Barshi, Maharashtra
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25.27
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8
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Tata Mills, Mumbai, Maharashtra
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81.17
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9
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India United Mill No.5, Mumbai, Maharashtra
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32.29
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10
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Cambodia Mills, Coimbatore, Tamil Nadu
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14.06
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11
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Coimbatore Murugan Mills, Coimbatore, Tamil Nadu
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16.88
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12
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Pankaja Mills, Coimbatore, Tamil Nadu
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22.59
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13
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Pioneer Spinners Mills, Kamudakudi, Tamil Nadu
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78.67
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14
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Sri Rangavilas S. & W. Mills, Coimbatore, Tamil Nadu
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56.77
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15
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Kaleeswarar Mills 'B' Unit, Kalayarkoli, Tamil Nadu
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71.64
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16
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Arati Cotton Mills, Howrah, West Bengal
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48.69
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17
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Burhanpur Tapti Mills, Burhanpur, Madhya Pradesh
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125.59
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18
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New Bhopal Textile Mills, Bhopal, Madhya Pradesh
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100.46
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19
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Finlay Mills, Achalpur, Maharashtra
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257.45
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20
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Minerva Mills, Hassan, Karnataka
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177.95
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21
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Rajnagar Tex. Mills, Ahmedabad, Gujarat
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142.41
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22
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Coimbatore S & W Mill, Coimbatore, Tamil Nadu
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0.96
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23
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Tirupathi Mills, Renigunta, Andhra Pradesh
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3.85
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Total
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1,543.38
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This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA
MARGHERITA in a written reply to a question in Lok Sabha today.
****
MAM
(Lok Sabha US Q1476)
(रिलीज़ आईडी: 2200818)
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