The total value of
property alongwith closed/Revived mills, Statewise, in NTC is at Annexure-I.
The
value of total production of NTC mills during the last three years is placed at
Annexure-II.
The value of production of NTC mills
is at Annexure-II. The estimated value of NTC property is at Annexure-I.
NTC was established to manage the affairs of existing sick Textiles
undertakings which were taken over through 3 Acts of Nationalisation
in 1974, 1986 and 1995. These mills were located in different parts of the
country. The property value of these mills has multiplied manifold since the
time of Nationalisation.
As per the BIFR approved Revival
Scheme for NTC, unviable mills are closed and viable mills revived. The cost of
modernisation as approved by BIFR is Rs. 1155.55 crores. The Scheme is self financing through the sale of
surplus assets of NTC. Till date, an amount of Rs. 1169 crores
has been spent on modernisation.
The revenue realized from sale of
surplus assets of NTC in the last 3 years is Rs. 2591 crores.The
funds utilized on modernization during the last three years are Rs. 61.2 crores. Expenditures have also been incurred on payment of
Modified Voluntary Retirement Scheme (MVRS) compensation, clearing outstanding
dues, margin money for working capital etc
The details with reference to NTC
Mills is at para (a) and (e) above.
The other sick PSUs under the ambit of the Ministry are British India
Corporation (BIC) and the National Jute Manufacturing Corporation (NJMC). The Cabinet has accorded in-principle
approval for the revival of
2 units of BIC viz Lal Imli in Uttar Pradesh and Dhariwal in Punjab.
The Cabinet has approved revival of 3 jute mills of NJMC viz Khardah and Kinnison in West
Bengal and RBMH in Bihar.
Annexure-I
STATE-WISE DETAILS OF NTC MILLS AND PROPERTIES
|
State
|
Number of mills
|
Estimated Value of Property*
(In Rs crores)
|
|
|
Closed
|
Working (NTC & JV)
|
  Closed Mills
Working Mills
|
|
Andhra Pradesh
|
5
|
1
|
2.13 39.13
|
|
Assam
|
1
|
Nil
|
-
|
|
Bihar
|
2
|
Nil
|
0.92 -
|
|
Chhattisgarh
|
1
|
Nil
|
90.00 -
|
|
Gujarat
|
10
|
1
|
46.08 24.46
|
|
Karnataka
|
4
|
1
|
819.09
5.45
|
|
Kerala
|
Nil
|
5
|
- 356.76
|
|
Madhya Pradesh
|
4
|
2
|
367.70 72.83
|
|
Maharashtra
|
21
|
15
|
26623.74 12932.23
|
|
Puducherry
|
Nil
|
1
|
-
|
|
Punjab
|
4
|
Nil
|
61.92 -
|
|
Rajasthan
|
2
|
1
|
30.50 48.58
|
|
Tamil Nadu
|
5
|
8
|
163.08 864.12
|
|
Uttar Pradesh
|
10
|
1
|
1863.70 16.82
|
|
West Bengal
|
9
|
3
|
12.00 210.46
|
|
Orissa
|
Nil
|
1
|
-
27.9
|
|
Total
|
78
|
40
|
 30080.86 14607.86
|
*The
estimated values are based on book value/circle rate/last sale rate/valuer’s valuation, as and where available. They do not
reflect current market values of the property.
Annexure-II
NATIONAL TEXTILE CORPORATION LIMITED
STATEMENT SHOWING STATEWISE VALUE OF TOTAL PRODUCTION
BY NTC MILLS DURING THE LAST THREE YEARS
|
|
|
2009-2010
|
2010-2011
|
2011-2012
|
|
S.
|
Statewise Name of
|
Turn Over
|
Turn Over
|
Turn Over
|
|
No.
|
Mills
|
Rs.Lakhs
|
Rs.Lakhs
|
Rs.Lakhs
|
|
|
|
(AUDITED)
|
(AUDITED)
|
(PROV.)
|
|
|
KERALA
|
|
|
|
|
1
|
Alagappa
|
3173.45
|
3432.08
|
2860.94
|
|
2
|
Can.,Can.
|
1592.63
|
3720.05
|
2041.08
|
|
3
|
Kerala Lakshmi
|
2504.33
|
3435.30
|
3257.61
|
|
4
|
Vijay Mohini
|
1875.19
|
2642.54
|
2300.82
|
|
|
MAHE
|
|
|
|
|
5
|
Cannanore Spg.&
|
1561.05
|
2167.74
|
2128.56
|
|
|
Wvg. Mills.
|
|
|
|
|
|
ANDHRA PRADESH
|
|
|
|
|
6
|
Tirupathi
|
1062.75
|
1629.22
|
1286.81
|
|
|
TAMIL NADU
|
|
|
|
|
7
|
Cambodia
|
2914.49
|
4608.93
|
3551.85
|
|
8
|
Rangavilas
|
3521.94
|
5421.33
|
4040.83
|
|
9
|
Pankaja
|
2552.32
|
3774.92
|
2757.1
|
|
10
|
Pioneer
|
2325.66
|
3356.93
|
2598.02
|
|
11
|
Kal.'B'
|
2796.85
|
3983.78
|
3498.34
|
|
12
|
Coimb. Murugan
|
5277.13
|
5714.83
|
10269.8
|
|
13
|
C.S.& W
|
1142.97
|
1570.31
|
763.99
|
|
|
KARNATAKA
|
|
|
|
|
14
|
New Minerva
|
-
|
8.50
|
4041.18
|
|
|
MAHARASHTRA
|
|
|
|
|
15
|
Tata
|
3413.96
|
4693.42
|
5324.02
|
|
16
|
Podar
|
3138.00
|
4418.03
|
3870.35
|
|
17
|
Indu No.5
|
2747.48
|
3774.21
|
3579.16
|
|
18
|
Barshi
|
1665.73
|
2211.22
|
2163.46
|
|
19
|
Finlay (Mumbai)
|
1395.62
|
982.48
|
924.79
|
|
20
|
Finlay (Achalpur)
|
-
|
1457.46
|
4390.54
|
|
|
MADHYA PRADESH
|
|
|
|
|
21
|
New Bhopal
|
2365.85
|
3422.91
|
2821.37
|
|
22
|
Burhanpur Tapti
|
2052.52
|
3042.61
|
2603.04
|
|
|
WEST BENGAL
|
|
|
|
|
23
|
Arati
|
1453.34
|
2868.08
|
2808.82
|
|
|
OVERALL
|
50533.26
|
72336.88
|
73882.48
|
This information was given by Smt.
Panabakka Lakshmi, Minister of State
for Textile in written reply to a question in Lok Sabha
today.
DS/GK