Ministry of Textiles04-March, 2013 16:58 IST
Modernisation of NTC Mills
As per the revival plan approved by Board for Industrial & Financial Reconstruction (BIFR), National Textile Corporation Ltd

 

 

As per the revival plan approved by Board for Industrial & Financial Reconstruction (BIFR), National Textile Corporation Ltd., (NTC) is to revive 24 mills directly by itself. Details of the mills modernised under the revival scheme are at Annexure-I.  The revival scheme is self- financed through sale of surplus assets of NTC and no financial assistance has been provided by the Government of India.

 

The profit and loss of NTC mills during the last three years and current year (April, 2012 to December, 2012) is placed at Annexure-II. The main reason for incurring losses by mills is attributed to acute power cut resulting in under utilisation of installed capacity and certain perennial problem of labour shortage.

 

 Revival of NTC mills is as per the Revival Scheme approved by the BIFR which inter-alia, provides for funding of the scheme from the proceeds of the sale of surplus assets of NTC. There is no plan to revive any of the closed mills of NTC.

 


ANNEXURE-I

 

STATEMENT IN REPLY TO PART (A) AND (B) of LOK SABHA UNSTARRED QUESTION NO. 1043 FOR ANSWER ON 04.03.2013

 

S.No.

State-wise name of mills

Status of Revival based on steps taken by NTC

 

KERALA

 

1

Alagappa

Modernised

2

Cannanore, Cannanore

Modernised

3

Kerala Lakshmi

Modernised

4

Vijay Mohini

Modernised

 

MAHE

 

5

CannanoreSpg. &Wvg. Mills.

Modernised

 

ANDHRA PRADESH

 

6

Tirupathi

Partially Modernised

 

TAMIL NADU

 

7

Cambodia

Modernised

8

Rangavilas

Modernised

9

Pankaja

Modernised

10

Pioneer

Modernised

11

Kaleeswara'B'

Modernised

12

Coimbatore Murugan

Modernised

13

Coimbatore Spgn. And Wving

Partially Modernised

 

KARNATAKA

 

14

New Minerva

Modernised

 

MAHARASHTRA

 

15

Tata

Modernised

16

Podar

Modernised

17

Indu No.5

Modernised

18

Barshi

Modernised

19

Finlay (Achalpur)

Modernised

 

MADHYA PRADESH

 

20

New Bhopal

Modernised

21

Burhanpur Tapti

Modernised

 

WEST BENGAL

 

22

Arati

Modernised

 

GUJARAT

 

23

Rajnagar

Modernised

24th unit is slated to be set up as Technical Textile unit in Rajasthan

 

 

 

 

 

 

 

 

 

 

 

 

ANNEXURE-II

 

STATEMENT IN REPLY TO PART (c) of LOK SABHA UNSTARRED QUESTION NO. 1043 FOR ANSWER ON 04.03.2013

 

 

 

2009-2010

2010-11

2011-12

April,12 - Dec.,12

 

S.No.

State-wise Name of Mills

CashProfit/

Loss

Cash Profit/

Loss

Cash Profit/

Loss

Cash Profit/Loss

 

 

 

Rs.Lakhs

Rs.Lakhs

Rs.Lakhs

Rs.Lakhs

 

 

KERALA

 

 

 

 

 

1

Alagappa

-49.93

20.84

-297.06

130.95

 

2

Can.,Can.

-122.55

173.17

-306.45

275.86

 

3

Kerala Lakshmi

-120.41

69.94

-509.92

178.86

 

4

Vijay Mohini

-58.12

78.66

-283.23

193.79

 

 

MAHE

 

 

 

 

 

5

CannanoreSpg.&

Wvg. Mills.

-84.69

-73.40

-566.64

140.32

 

 

ANDHRA PRADESH

 

 

 

 

 

6

Tirupathi

-41.33

-41.33

-391.9

-40.63

 

 

TAMIL NADU

 

 

 

 

 

7

Cambodia

-80.38

137.82

-603.78

86.81

 

8

Rangavilas

-146.28

9.33

-967.70

13.45

 

9

Pankaja

-99.22

23.97

-756.88

-111.08

 

10

Pioneer

-83.1

9.45

-630.72

-184.48

 

11

Kal.'B'

-15.12

164.36

-514.07

-4.55

 

12

Coimb. Murugan

18.94

-390.76

-400.21

-186.81

 

13

C.S.& W

-381.57

-346.30

-376.08

-127.32

 

 

KARNATAKA

 

 

 

 

 

14

New Minerva

0

128.12

-223.03

-10.20

 

 

MAHARASHTRA

 

 

 

 

 

15

Tata

-699.81

-449.72

-1644.07

-460.71

 

16

Podar

-351.12

-247.48

-1025.63

-107.25

 

17

Indu No.5

-262.29

-69.83

-807.95

6.40

 

18

Barshi

19.54

148.49

-610.37

25.47

 

19

Finlay (Achalpur)

0

6.22

-693.66

733.44

 

 

MADHYA PRADESH

 

 

 

 

 

20

New Bhopal

-31.25

-191.13

-686.88

69.63

 

21

Burhanpur Tapti

69.19

-373.75

-236.16

324.43

 

 

WEST BENGAL

 

 

 

 

 

22

Arati

-42.02

102.66

-73.15

3.58

 

23

GUJARAT

 

 

 

 

 

 

Rajnagar

0

-

-

-19.74

 

 

OVERALL

-2561.52

-1110.67

-12605.54

930.22

 

 

 

 

This information was given by the Minister of Textiles, Shri Anand Sharma in a written reply in the Lok Sabha today.

 

   

******

 

DS/RK

 

 


(Release ID :92945)