Ministry of Textiles09-December, 2025 15:08 IST
SALE OF SURPLUS ASSETS

As per the Board for Industrial and Financial Reconstruction (BIFR) Scheme, NTC has accumulated ₹6,154.94 crore through sale of surplus assets for implementing revival and modernization of NTC, which were spent towards Modernisation (₹1,543.38 crore as provided below), Modified Voluntary Retirement Scheme (i.e.₹2,384.78 crore); Payment of other dues (i.e. ₹577.96 crore) and Corpus which was utilized over a period upto 2021(i.e ₹1,648.82 crore).

In the year 2002, BIFR had sanctioned the revival scheme for NTC as per which 53 mills were proposed to be modernized by NTC. However, this revival scheme was later modified, first in the year 2006 and then in the year 2008. Since then, 23 mills were made operational by NTC. However, operation of these mills was suspended due to declaration of Nation-wide lockdown on 25.03.2020. Subsequently, with the ease of lockdown restrictions, operation of some of the mills were resumed but could not be sustained after 2021.

Sr. No.

Name of the Mills and Location

Amount Spent (Rs. in Cr.)

1

Algappa Textile Mills, Thrissur, Kerala

25.34

2

Cannanore S & W Mills, Cannore, Kerala

130.76

3

Kerala Laxmi Mills, Thrissur, Kerala

26.83

4

Vijayamohini Mills, Thiruvandrum, Kerala

26.09

5

Cannanore S & W Mills, Mahe, Puducherry

37.21

6

Podar Mills, Mumbai, Maharashtra

40.45

7

Barshi Textile Mills, Barshi, Maharashtra

25.27

8

Tata Mills, Mumbai, Maharashtra

81.17

9

India United Mill No.5, Mumbai, Maharashtra

32.29

10

Cambodia Mills, Coimbatore, Tamil Nadu

14.06

11

Coimbatore Murugan Mills, Coimbatore, Tamil Nadu

16.88

12

Pankaja Mills, Coimbatore, Tamil Nadu

22.59

13

Pioneer Spinners Mills, Kamudakudi, Tamil Nadu

78.67

14

Sri Rangavilas S. & W. Mills, Coimbatore, Tamil Nadu

56.77

15

Kaleeswarar Mills 'B' Unit, Kalayarkoli, Tamil Nadu

71.64

16

Arati Cotton Mills, Howrah, West Bengal

48.69

17

Burhanpur Tapti Mills, Burhanpur, Madhya Pradesh

125.59

18

New Bhopal Textile Mills, Bhopal, Madhya Pradesh

100.46

19

Finlay Mills, Achalpur, Maharashtra

257.45

20

Minerva Mills, Hassan, Karnataka

177.95

21

Rajnagar Tex. Mills, Ahmedabad, Gujarat

142.41

22

Coimbatore S & W Mill, Coimbatore, Tamil Nadu

0.96

23

Tirupathi Mills, Renigunta, Andhra Pradesh

3.85

 

Total

1,543.38

 

This information was provided by THE MINISTER OF STATE FOR TEXTILES SHRI PABITRA

MARGHERITA in a written reply to a question in Lok Sabha today.   

****

MAM

(Lok Sabha US Q1476)


(Release ID :280226)