He also informed the Lok Sabha that the government is "serious" about reviving loss-making Central Public Sector Enterprises (CPSEs).
The government is working on revival but "disinvestment is not a priority", the Minister for Heavy Industries and Public Enterprises said during Question Hour. Government is concerned about employees working in such enterprises, he said.
Based on the recommendations of Board for Reconstruction of Public Sector Enterprises, revival of 48 CPSEs and closure of four such companies were approved till 2013-14.
This envisaged "total fund/non fund-based assistance of Rs 41,139 crore (cash assistance of Rs 11,135 crore and non-cash assistance of Rs 30,004 crore)," he said. At the end of March 2013, there were about 229 CPSEs.

To a question on Allahabad-based Triveni Structurals Ltd, which is sick, Geete said the matter is sub judice. The Heavy Industries and Public Enterprises Ministry has also sought legal opinion on issues related to the company from the Law Ministry, he said.
Responding to a query on Hindustan Machine Tools (HMT), Geete said government would consider the possibility of splitting the company's Cochin unit, which is the only profit-making unit of the company.

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