profile
PE & IR Department
Photo gallery
news
 
 
related links
PE restructuring
knowmore
IR Revival
knowmore
news
knowmore
 
 
Home   Sitemap   Contact  
A: Role in administering and restructuring of Public Sector Undertakings
(Public Enterprises Wing)
Of the 13 SPSEs under the control of the Department in May 2011, 7 SPSEs were transferred under the administrative control of different Departments during 2013-14 and the SPSE namely Gluconate Health Limited (GHL) has been transferred to the Health & Family Welfare Department in January 2016. Currently 5 SPSEs namely Saraswaty Press Ltd (SPL), Durgapur Chemicals Limited (DCL), Neo Pipes & Tubes Co. Ltd. (NPT), National Iron & Steel Co. Ltd. (NISCO) and Lily Products Ltd. (LPL) are under the direct administrative control of this Department. Most of the companies are erstwhile sick Private Sector Units taken over by the State Government primarily with the objective of protecting employment of the workforce. However, over the years owing to a variety of reasons NPT, NISCO, LPL and DCL have fallen critically sick. The Government has decided to restructure NPT, NISCO and LPL. It has also stepped in to bail out DCL which is burdened with loan from Banks and Financial Institutions.
Saraswaty Press Ltd. (SPL)
Saraswaty Press Ltd. (SPL) is an ISO 9001-2008 Quality System Certified Company. It was taken over by the Government of West Bengal in 1979. It has turned into a profit- making company over the years. SPL has recently gained order for printing of Digital Ration Cards for the Govt. of West Bengal. It is diversifying in the field of variable data printing & high technology hologram making with track & trace features being used for liquor bottles in West Bengal. SPL is a debt free company and is paying dividend to the Government regularly.

SPL has a subsidiary company in the name of West Bengal Text Book Corporation Pvt. Ltd. (WBTBC) which was set up by the Government for production and distribution of school text books.

Financial performance of SPL:
(Rs. In Crore)
Particulars 2010-11 2011-12 2012-13 2013-14 2014-15
Turn over 58.19 89.89 148.65 173.09 338.72
Net Profit 0.39 1.43 1.29 17 16.52
Dividend paid SPL/WBTBC (%) 10 / 20 20 / 20 20 / 20 5 / 20 5 / 20
Durgapur Chemicals Ltd. (DCL)
Durgapur Chemicals Ltd. (DCL) (Incorporated in the year 1963 as a Government Company) is engaged in manufacturing and selling of chemicals like Caustic Soda lye, Chlorine, Hydrogen, Stable Bleaching Powder, etc.

Financial performance:
(Rs. In Crore)
Particulars 2010-11 2011-12 2012-13 2013-14 2014-15
Turn over 59.66 66.06 76.71 79 91
Net Loss 18.15 23.95 20.91 34.56 27.66
Dividend - - - - -
 
National Iron & Steel Co. (1984) Ltd. [NISCO]
[Taken over by the State Government in 1984].

Financial performance:
(Rs. in Crore)
Particulars 2010-11 2011-12 2012-13 2013-14 2014-15
Turn over 6.75 4.07 12.51 11.22 9.18
Net Loss 16.83 17.30 17.72 18.37 19.17
Dividend - - - - -
The company has suspended its manufacturing process since 2005. However at present it is engaged in limited trading activities.
 
Neo Pipes & Tubes Co. Ltd.
[Taken over from erstwhile National Pipes & Tubes Co. Ltd. on 1/4/1984].

Financial performance:
(Rs. in Crore)
Particulars 2010-11 2011-12 2012-13 2013-14 2014-15
Turn over 133.25 201.13 259.00 1.53 0.30
Net Loss 565.00 621.78 563.00 7.23 7.43
Dividend - - - - -
The company has suspended its operation since October, 2014.
 
Lily Products Ltd
[Taken over in 1996 by the State Government] The Company has suspended operation since 2005.

The issue of utilization of Work force of these 3 PSEs viz. NISCO, NPT and LPL has been taken care of without any job displacement (permanent & contractual) through the process of redeployment following the guideline issued under F.D. Memo No. 3161-F (P) dated 17.06.2014 and No. 3967-F (P) dated 01.08.2014. The employees of these three SPSEs which are being restructured have mostly been gainfully redeployed at different levels in the Government.
The following four Units are run as Joint Venture companies:

1. EMT Megatherm Pvt. Ltd. (Govt. share 26%)
2. W.B.Agro-Textile Corporation Ltd. (Govt. share 26%)
3. W.B.Chemicals Ltd. (Govt. share 26%) and
4. The Lalit Great Eastern Hotels (Govt. share 10%)
 
 
 
Home | Profile | IR Department | PE Department | Photo Gallery | News | Contact Us | Sitemap