Vizag Steel Plant privatization: Central Government organizations in the privatization list and their stands in the context of privatization of public sector companies in India

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Vizag Steel Plant privatization: Sagara city is flooded in the wake of Visakhapatnam steel privatization announcement. Steel plant workers are protesting and gathering support from political parties. In this context, let us take a look at the trends of public sector companies in India. The most profitable companies in the privatization list are: 1. Bharat Earth Movers Limited, Bangalore 2. Project and Development India Limited, Noida (UP) 3. Engineering Project […]

Andhra Pradesh Bandh Against Vizag Steel Plant Privatization

Vizag Steel Plant privatization: Sagara city is flooded in the wake of Visakhapatnam steel privatization announcement. Steel plant workers are protesting and gathering support from political parties. In this context, let us take a look at the trends of public sector companies in India.

Companies that continue to be profitable on the privatization list are:

1. Bharat Earth Movers Limited, Bangalore
2. Project and Development India Limited, Noida (UP)
3. Engineering Project (India) Limited, New Delhi
4. Bridge and Roof Company India Limited, Howrah (West Bengal)
5. Central Electronics Limited, Sahibabad (UP),
6. Ferro Scrap Nigam Limited, Bhilai, Chhattisgarh
7. Nagarnar Steel Plant (NMDC)
8. Sail Steel Plants (Durgapur, Salem)
9. Bengal Chemicals and Pharmaceuticals Limited, Kolkata
10. Bharat Petroleum Corporation Limited, Mumbai
11. The Shipping Corporation of India Limited, Mumbai,
12. Containers Corporation of India Limited, New Delhi
13. HLL Lifecare Limited, Thiruvananthapuram
14. Indian Medicines Pharmaceuticals Limited, Uttarakhand
15. India Tourism Development Corporation Limited, New Delhi

Distressed companies on the privatization list:

1. Rashtriya Ispat Nigam Limited (Visakhapatnam Steel Plant)
2. Cement Corporation of India Limited, New Delhi
3. Pawan Hans Limited, Noida (UP)
4. Air India (subsidiary 5 companies), New Delhi
5. Hindustan Antibiotics Limited, Pune
6. Neelanchal Ispat Nigam Limited, Bhubaneswar

List of companies whose privatization process has stalled due to legal implications:

1. Hindustan Newsprint Limited, Kottayam (Kerala)
2. Karnataka Antibiotics and Pharmaceuticals Limited, Bangalore

List of companies that have decided to close without privatization:

1. Hindustan Fluorocarbons Limited, Medak (Telangana)
2. Scooters India Limited, Lucknow
3. Bharat Pumps and Compressors Limited, Allahabad
4. Hindustan Prefab Limited, New Delhi

List of companies whose transactions have been completed:

1. Hindustan Petroleum Corporation Limited, Mumbai
2. Rural Electrification Corporation Limited, New Delhi
3. HSCC (India) Limited, Noida (UP)
4. National Projects Construction Corporation Limited, Faridabad (Haryana)
5. Dredging Corporation of India Limited, Visakhapatnam
6. THDC, Rishikesh (Uttarakhand)
7. North Eastern Electric Power Corporation Limited, Shillong (Meghalaya)
8. Kamaraj Port Limited, Chennai

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