Ministry of Textiles18-July, 2014 16:26 IST
Revival Plan for NTC

 

National Textiles Corporation (NTC) has made profit in the year 2009-10, 2010-11, 2011-12 and 2012-13, but incurred loss during 2013-14.

 

The main reason for loss during 2013-14 has been due to increase in raw material cost by 10.55 % ( i.e for Rs. 106.34 per/Kg (2012-13) to Rs. 117.56 per/kg (2013-14)), whereas sale rate of finished yarn increased by 2% only (for Rs. 211.77 per/Kg(2012-13) to              Rs. 216.02 per/Kg(2013-14).

 

National Textile Corporation (NTC) has been implementing a revival scheme approved by Board for Industrial & Financial Reconstruction (BIFR) at a total cost of Rs. 9102 crore. Under this scheme, 78 mills have been closed down (Annexure–I), 22 mills are to be revived by NTC itself and 18 mills are to be operationlised through Joint Venture route. 2 mills have been taken out from joint venture list and revived by NTC itself. Thus, 23 mills have been revived by NTC so far and one mill is slated to be set up as Technical Textiles unit in Rajasthan (Annexure–II). 5 mills are operational through JV route, (Annexure–III) remaining 11 mills are under arbitration as their Memorandum of Understanding (MoU) were cancelled on review. Under the scheme, 65000 employee approx were to be given Modified Voluntary Retirement Scheme (MVRS). 63295 employees have opted for MVRS at a compensation of Rs. 2378.75 crore so far.

Annexure – 1

 

 

LIST OF 24 MILLS MODERNIZED BY NTC ITSELF

 

 

 

 

 

Sr.NO.

NAME OF THE MILLS

LOCATION

ANDHRA PRADESH 

 

1

TIRUPATHI COTTON MILLS

RENIGUNTA

GUJARAT 

 

2

RAJNAGAR MILLS

AHMEDABAD

KARNATAKA 

 

3

NEW  MINERVA MILS

HASSAN

KERALA 

 

4

ALGAPPA TEXTILE MILLS

ALAGAPPANAGAR

 

5

CANNANORE SPG.& WVG.MILLS

CANNANORE

 

6

KERALA LAXMI MILLS

TRICHUR

 

7

VIJAYAMOHINI MILLS

TRIVANDRUM

MADHYA PRADESH

 

8

BURHANPUR TAPTI MILLS

BURHANPUR

 

9

NEW BHOPAL TEXTILE MILLS

BHOPAL

MAHARASHTRA 

 

10

PODAR MILLS

MUMBAI

 

11

TATA MILLS

MUMBAI

 

12

INDIA UNITED M ILL NO.5

MUMBAI

 

13

BARSHI TEXTILE MILLS

BARSHI

 

14

FINLAY MILLS

ACHALPUR

MAHE 

 

15

CANNANORE SPG.& WVG.MILLS

MAHE

TAMIL NADU 

 

16

PIONEER SPINNERS MILLS

KAMUDAKUDI

 

17

KALEESWARAR MILLS 'B' UNIT

KALAYARKOIL

 

18

CAMBODIA MILLS

COIMBATORE

 

19

COIMBATORE MURUGAN MILLS

COIMBATORE

 

20

PANKAJA MILLS

COIMBATORE

 

21

SRI RANGAVILAS S.& W. MILLS

COIMBATORE

 

22

COIMBATORE SPG & WVG MILLS

COIMBATORE

WEST BENGAL 

 

23

ARATI COTTON MILLS

 DASS NAGAR

RAJASTHAN

 

24

UDAIPUR MILLS (To be setup as Technical Textile)

Udaipur

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annexure -II

 

Annexure - III

LIST OF 5 MILLS MODERNIZED THROUGH JV ROUTE

MAHARASHTRA

 

1

INDIA UNITED MILLS  NO.1

MUMBAI

 

2

APOLLO TEXTILE MILLS

MUMBAI

 

3

GOLDMOHUR MILLS

MUMBAI

 

4

NEW CITY OF BOMBAY MFG. MILLS

MUMBAI

 

5

AURANGABAD TEXTILE MILLS

AURANGABAD

 

The information was given by the Minister of State (Independent Charge) in the Ministry of Textiles Shri Santosh Kumar Gangwar in a written reply in Rajya Sabha today.

*****

 

DS

 


(Release ID :106984)