**Summary:**
As of August 1, 2025, the Ministry of Heavy Industries (MHI) oversees 16 operational Central Public Sector Enterprises (CPSEs). Annexure I provides a detailed list of these CPSEs, including their turnover and profit/loss figures for the fiscal years 2022-23, 2023-24, and 2024-25.
Since 2019, Bharat Leather Corporation Ltd., Weighbird India Ltd. (WIL), HMT Chinar Watches Ltd., and HMT Bearings Ltd. have been liquidated through official liquidators appointed by the respective High Court/NCLT. Proceeds from these liquidations have been managed according to the Companies Act 2013 and applicable guidelines.
Currently, 15 CPSEs are under liquidation by official liquidators, as per orders from the Hon'ble High Court/Tribunal. Annexure II lists these 15 CPSEs, which no longer have regular manpower on their rolls. The CPSEs under liquidation are: Reyrolle Burn Ltd., Tyre Corporation of India Ltd., Bharat Ophthalmic Glass Ltd., Mining and Allied Machinery Corporation Ltd., Bharat Process and Mechanical Engineers Ltd., Bharat Brakes and Valves Ltd., Cycle Corporation India Ltd., Rehabilitation Industries Corporation Ltd., Bharat Yantra Nigam Ltd., Triveni Structurals Ltd., National Industrial Development Corporation Ltd., Tannery and Footwear Corporation of India Ltd., Hindustan Paper Corporation Ltd., Nagaland Pulp and Paper Company Ltd., and Hindustan Photo Films Mfg. Co. Ltd.
This information was provided by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju Srinivasa Varma, in a written reply in the Rajya Sabha. Release ID: 2151387.
Key Entities Referenced
Ministry of Heavy Industries: The central ministry responsible for overseeing the Central Public Sector Enterprises (CPSEs) mentioned in the document.
Central Public Sector Enterprises: A group of 16 operational and 15 liquidated government-owned companies under the Ministry of Heavy Industries.
Companies Act 2013: The relevant legislation governing the liquidation process of the CPSEs.
Bharat Leather Corporation Ltd.: One of the CPSEs liquidated since 2019.
Weigh bird India Ltd.: One of the CPSEs liquidated since 2019.
HMT Ltd.: Holding Company whose subsidiary companies HMT Chinar Watches Ltd. and HMT Bearings Ltd. have been liquidated.
Rajya Sabha: The upper house of the Parliament of India, where information related to this policy was provided.
Shri Bhupathiraju Srinivasa Varma: Minister of State for Heavy Industries and Steel who provided the information to the Rajya Sabha.
Ministry of Heavy Industries
STATUS OF CPSES UNDER HEAVY INDUSTRIES
Posted On: 01 AUG 2025 4:55PM by PIB Delhi
The Ministry of Heavy Industries (MHI) has 16 operational Central Public Sector Enterprises (CPSEs). The
list of these 16 operational CPSEs along with details of their turn-over and profits made in the last three years
is at Annexure-I.
Since 2019, 2 CPSEs namely (a) Bharat Leather Corporation Ltd. and (b) Weigh bird India Ltd. (WIL) and
two subsidiary companies of HMT Ltd. namely; HMT Chinar Watches Ltd. and HMT Bearings Ltd. have
been liquidated by official liquidator appointed by the respective High Court/NCLT. Proceeds from
liquidation of these CPSEs have been utilized as per applicable guidelines / rules by the official liquidator as
per the Companies Act 2013.
At present, 15 CPSEs are under liquidation by official liquidator in pursuance to the respective Hon’ble High
Court/Tribunal orders. The list of these 15 CPSEs is at Annexure-II. No regular manpower exists on the roll
of these CPSEs.
ANNEXURE -I
LIST OF 16 OPERATIONAL CPSES AND THEIR TURN-OVER AND PROFITS MADE IN
THE LAST THREE YEARS
S l . Turnover (in Rs Cr.) PBT/Loss (in Rs Cr.)
Name of CPSE
No 2022-23 2023-24 2024-25 2022-23 2023-24 2024-25
1 Andrew Yule & Co. Ltd. 374.03 309.85 311.70 8.98 (73.18) (28.49)
2 Bridge and Roof Cp. (India) Ltd. 3328.35 4014.28 4532.03 56.65 101.36 140.31
Braithwaite, Burn & Jessop Construction
3 301.79 250.10 182.77 13.09 27.95 40.09
Co. Ltd.
4 Bharat Heavy Electricals Ltd. 22136 22921 27355 686 220 725
5 Cement Corporation of India Ltd. 440.31 417.05 325 95.29 95.05 31
6 Engineering Projects (India) Ltd. 1131.96 843.97 1445.25 2.6 (65.07) 0.20
7 Heavy Engineering Corporation Ltd. 91.43 165.12 339.06 (230.85) (275.19) (226.99)
8 HMT (International) Ltd 14 18 15 0.31 4.81 1.99
9 HMT Machine Tools Limited. 142 100 111 (132) (155) (161)
10 HMT Ltd 52 48 26 14.91 17.47 18.94
11 Hindustan Salts Ltd. 29.27 19.75 3.28 10.49 13.23 1.75
12 Instrumentation Limited. 82.84 101.79 134 4.86 7.01 13.78
13 NEPA Ltd. 27.17 124.58 46.36 (105.79) (126.76) (111.38)
14 Richardson & Cruddas Ltd. 29.11 30.57 32.53 16.99 23.26 25.47
Rajasthan Electronics & Instruments
15 120.19 185.78 157.49 (16.70) 4.37 (12.24)
Ltd.
16 Sambhar Salts Ltd. 45.17 65.67 46.39 11.58 20.17 9.19ANNEXURE-II
CPSEs UNDER LIQUIDATION
S. No. Name of Company
1. Rey rolle Burn Ltd.
2. Tyre Corporation of India Ltd.
3. Bharat Ophthalmic Glass Ltd.
4. Mining and Allied Machinery Corporation Ltd.
5. Bharat Process and Mechanical Engineers Ltd.
6. Bharat Brakes and Valves Ltd.
7. Cycle Corporation India Ltd.
8. Rehabilitation Industries Corporation Ltd.
9. Bharat Yantra Nigam Ltd.
10. Triveni Structurals Ltd.
11. National Industrial Development Corporation Ltd.
12. Tannery and Footwear Corporation of India Ltd.
13. Hindustan Paper Corporation Ltd.
14. Nagaland Pulp and Paper Company Ltd.
15. Hindustan Photo Films Mfg. Co. Ltd.
This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju
Srinivasa Varma in a written reply in the Rajya Sabha.
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TPJ/NJ
(Release ID: 2151387)