![\"RCAcharya\"](\"https:\/\/patriotsforumindia.com\/wp-content\/uploads\/2015\/10\/RCAcharya.png\")
<\/a>DIPAM (Department of Investment and Public Asset Management) is the old \u2018Disinvestment\u2019 wine now in a brand new bottle spiked\u00a0 with a radically new sales pitch !<\/p>\n<\/p>\n
As the name itself suggests, DIPAM\u00a0 now plans to \u2018manage\u2019 the vast\u00a0 inventory of public assets locked up in, CONCOR, Pawan Hans, \u00a0CEL, VISL, SSP, NINL, and RINL. Valuable assets in technology, machinery and plant etc. are expected to yield higher returns in private hands, adding to nation\u2019s economy and ostensibly no longer a case of \u2018selling the family silver\u2019.<\/p>\n
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CONCOR (COntainer\u00a0 CORporation of India), was incorporated in March 1988 under the \u00a0Ministry\u00a0 of Railways to handle ISO (International Standards Organisation)\u00a0 Containers. Starting with the first terminal at Tughlakabad, over the years its has grown into an all India network of 61 terminals, of which 8\u00a0 deal exclusively\u00a0 with EXIM (Export Import)\u00a0 and 17 with exclusively with\u00a0 domestic cargo. It earned\u00a0 Rs. 7216 crores in 2018-19 making it a major logistics player.<\/p>\n
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Under a Model Concession Agreement issued by Ministry\u00a0 of Railways in 2006 nearly a dozen private train operators have set up shop, some with their own terminals,\u00a0 but all accessing Indian Railway\u2019s 65,000 kms. of network to run their\u00a0 own Container trains.<\/p>\n
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Understandably competition should be keen for CONCOR\u00a0 since some of the major logistics\u00a0 players would be eager to get hold of this cash rich and thriving\u00a0 business entity with an excellent track record and all India reach !<\/p>\n
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Pawan Hans was created\u00a0 in 1985 with just 2 helicopters to service ONGC\u2019s (Oil & Natural Gas Company)\u00a0 drilling rig at its platform on Bombay high. Since then it has grown to 45 helicopters with regular flights\u00a0 to small air strips in Himachal Pradesh, Uttarkhand, Assam, and\u00a0 Manipur etc. Catering to the tourism sector it hopes to grow into a 100 helicopter company by 2027.<\/p>\n
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CEL (Central Electronics Ltd. )\u00a0 was created in\u00a0 1974 \u00a0with a view to commercially exploit indigenous technologies developed by National Laboratories and R&D Institutions, and functions under the Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology.<\/p>\n
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Some of the major lines of production are Solar Voltaic cells, Security and Surveillance devices, Piezo electric ceramics, Turn key prjects for Signalling and\u00a0 Axle counters for Railways. With a\u00a0 revenue of\u00a0 Rs. 160 crores in 2015 it is a facility with product lines which could do wonders in the right private hands !<\/p>\n
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VISL (Visvesaraya Iron and Steel Ltd.)\u00a0 at Bhadravati, Karnataka shares its vintage with\u00a0 Tata\u2019s Steel Plant\u00a0 at Jamshedpur. Set up in 1923 by Krishnaraja Wodeyar, the\u00a0 then Maharaja of Mysore state, it\u00a0 was the brain child of\u00a0 Sir M. Visvesvaraya who wanted to utilise abundant iron ore deposits available in Mysore state, the present day Karnataka.<\/p>\n
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In 1962 it was renamed as The Mysore Steel and Iron Works and\u00a0 became a joint venture with Govt of Karnataka and Centre hoiding equity in the ratio 60:40.\u00a0 Later Steel making\u00a0 was upgraded to the L.D. Process and plant\u00a0 renamed as Visvesvaraya Iron and Steel Ltd (VISL),\u00a0\u00a0 finally ending up as a subsidiary of SAIL (Steel Authority of India Ltd. ) in 1998.<\/p>\n
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SSP (Salem Steel Plant)\u00a0 in Tamilnadu was set up in 1972 at cost of Rs 181 crores to manfacturec Stainless steel,\u00a0 steel strips and other mild steel products. Its installed capacity to produce 32,000 tonnes of finished steel was enhanced to 70,000 tonnes at a cost of Rs. 76 crores in 1991 and a blanking line with a capacity of 3600 tonnes was added in 1993. With a 3,64,000 tonnes per year of hot rolling mill capacity its assets are waiting to be optimally utilised.<\/p>\n
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NINL (Neelanchal Ispat Nigam Ltd) a joint venture of MMTC (Mining and Mineral Trading Corporation) and Industrial Promotion and Investment Corporation of Odisha\u00a0\u00a0 was set up in 1982 at\u00a0 Kalinganagar, Duburi Odisha as an integrated iron and steel plant\u00a0\u00a0 with an installed capacity of 1.1 million tonnes.<\/p>\n
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With its own captive iron ore mines, since 2003-04 it has become\u00a0 the largest exporter of pig Iron and LAM (Low Ash Metallurgical) coke<\/p>\n
with internationally acceptable standards, Once again a facility with assets waiting to be fully exploited !<\/p>\n
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RINL\u00a0 (Rashtriya lspat Nigam Ltd) better known as Vijag steel\u00a0 with a capacity of 3 mtpa (million tonnes per annum) was set up in Vishakapatnam , Andhra Pradesh in 1972 . Its capacity was enhanced to 6.3 mtpa in 2015 and once again to 7.3 mtpa in 2017. Production reached 7.5 mpta in 2020 and plans are afoot to enhance the capacity\u00a0 to\u00a0 20 mpta by 2027 at a cost of Rs. 60,000 crores !<\/p>\n","protected":false},"excerpt":{"rendered":"
Managing national assets ! DIPAM (Department of Investment and Public Asset Management) is the… more