The Government is spending Rs 26,086.98 crore for the revival of 43 sick Central Public Sector Enterprises (CPSEs) based on the recommendations of the Board for Reconstruction of Public Sector Enterprises.
This information was given in a written reply in the Lok Sabha by Mr Praful Patel, Union Minister for Heavy Industries and Public Enterprises.
The funds spent on revival of the CPSEs include a cash assistance of Rs 4,491.64 crore.
“An amount of Rs 3,609.17 crore has been utilised by the CPSEs. Out of 43 CPSEs approved for revival, 22 CPSEs have posted profit-before-tax during 2010-11,” the Minister said.
Additionally, two CPSEs, namely Bharat Ophthalmic Glass and Bharat Yantra Nigam, are also being closed down.