| |
|
No. of SLPEs
|
68
|
|
Investment
|
Rs.
9795.59 crore
|
|
Net accumulated loss (as on 31.3.2001)
|
Rs.
1124.60 crore
|
|
Identified for Disinvestment |
27
(including 11 subsidiaries) |
|
Process
Initiated for liquidations / closure
|
27
|
|
|
Out
of 68 SLPEs, 34 are non-working companies. |
|
The
State Government has been the pioneer in privatization of the power
sector. 49% of Orissa Power Generation Corpn. (OPGC) was sold to a
strategic investor -AES Corporation of USA -in 1997 for Rs 603 cr.
(fetching a premium of 155% over the book value of equity). 51% of
equity shares of the four distribution companies were sold to private
companies 1999-2000 for Rs. 159.01 cr. (against book value of Rs. 114.72
cr.) |
|
Pursuant
to the recommendation of a Cabinet Sub-committee (submitted and accepted
in 1996), 11 enterprises (Orissa State Commercial Transport Corpn., Orissa
State Leather Corpn., Orissa Instruments co. Ltd., Orissa leather
industries Ltd., K.S. Refractories, IPITRON Times, ELCOSMOS Ltd., ELCO
Communication, S.N Corpn., General Engineering & Scientific Works,
ORICHEM) have been closed. |
|
Orissa
Leather Industries Ltd. and Orissa Pump & Engineering Company Ltd.
have been sold to private entrepreneurs. |
|
Recently,
the State Government has signeda MoU with the Ministry of Finance,
Government of India for Medium Term Fiscal Restructuring to privatize 27
Government Compaies.
The
State Government is implementing a Public Enterprise Reform Programme with
financial assistance of Rs. 85 cr. from DFID of UK to provide VRS and
social safety net to the workers of SLPEs. 13,638 employees of the
PSUs have been offered voluntary retirement/separation under the programme
so far. Under the Social Safety Net Programme (SSNP), 4372
employees, who have voluntarily retired/separated, have been provided
in-depth counseling, 1086 employees have been provided training and 1270
employees have been assisted secure re-employment.
Chief
Minister is committed to the Reform Programme as depicted in a promotional
film made by the State.
(Source:
State Government)
|
