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A sugar mill locomotive

When we think of assets of sick public sector enterprises, we think of land or plant and machinery. But there are locomotives too

locomotives
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Illustration by Binay Sinha

Bibek Debroy New Delhi
After the bifurcation of the state, I think there are 28 sugar mills in Bihar. More than half are closed, primarily those belonging to Bihar State Sugar Corporation (BSSC). The BSSC was formed in 1974 to manage, operate and control sick private sector sugar mills and distilleries and subsequently, 15 sugar mills and two distilleries were nationalised. As is often the case, sick private sector continued as sick public sector. In this column, we aren’t concerned with revival/privatisation options for BSSC mills. One of these nationalised units was Darbhanga Sugar Company Limited in Lohat in Madhubani district, established in 1914-15,
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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