Lok Sabha Question No. 1703 (UNSTARRED), answered on 2016-11-25
Subject: Disinvestment Target
Ministry: FINANCE
Asked by: UDIT RAJ, MUTHAMSETTI SRINIVASA RAO (AVNTHI), B. SREERAMULU

## GOVERNMENT OF INDIA

## MINISTRY OF FINANCE DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOK SABHA UNSTARRED QUESTION NO. 1703 TO BE ANSWERED ON FRIDAY, NOVEMBER 25, 2016

AGRAHAYANA 4, 1938 (SAKA)

## Disinvestment Target

1703 Dr. UDIT RAJ: SHRI MUTHAMSETTI SRINIVASA RAO (AVANTHI): SHRI B. SRIRAMULU:

Will the Minister of FINANCE be pleased to state:

- a the details of the disinvestment targets fixed and achievement made during the last three years and the current financial year, PSU-wise including Bharat Pumps and Compressors Limited;
- the steps taken by the Government to maximize the return on disinvestment of PSUs?
- whether the Government proposes to disinvest sick public sector undertakings, if so, the details thereof; and

## ANSWER

## THE MINISTER OF STATE IN THE MINISTR Y OF FINANCE (SHRI 'ARJUN RAM MEGHWAL)

(a): The details of Central Public Sector   Enterprises (CPSEs) disinvestment   targets &

| Year    | Target (BE) (Rs. in crore)   | Amount Realised (Rs. in crore)   |
|---------|------------------------------|----------------------------------|
| 2013-14 | 40,000                       |                                  |
| 2014-15 | 43,425                       | 24,349                           |
| 2015-16 | 41,000*                      | 23,997                           |
| 2016-17 | 36000*                       |                                  |

PSU-wise details of disinvestment are aS under:

## Financial Year 2043-44

| SI: No.   | Name of CPSEs                                                | Receipts ( Rs Crore)   |
|-----------|--------------------------------------------------------------|------------------------|
|           | Hindustan Copper Ltd (HCL)                                   | 259.56                 |
| 2         | India Tourism                                                | 30.17                  |
|           | Metals and Minerals Trading Corporation of Tndia Ltd. (MMTC) | 571.71                 |
|           | National Fertilizers Ltd NFL)                                | 101.08                 |
| 5         | State Trading Corporation Ltd (STC)                          | 4,54                   |
| 6         | Neyveli Lignite Corporation Ltd_NLC)                         | 358.21                 |
|           | Engineers India Ltd _(EIL)                                   | 497.32                 |
| 8         |                                                              |                        |
|           | CPSE-Exchange Traded Fund                                    |                        |
| 10        | National Hydroelectric Power Corporation NHPC)               |                        |
|           | Power Grid Corporation Of India Ltd PGCIL)                   | 163732                 |
| 12        | Bharat Heavy Electricals Ltd BHEL)                           | 1,886.78               |

| SL: No.   | Name of CPSEs                       | Receipts (in Rs. Crore)   |
|-----------|-------------------------------------|---------------------------|
|           | Steel Authority of India Ltd (SAIL) | 1.719.54                  |
| 2         | Coal India Ltd (CIL)                | 22557.63                  |

## Financial Year 2045-16

| SI: No.   | Name of CPSEs                                 | Receipts (in Rs. Crore)   |
|-----------|-----------------------------------------------|---------------------------|
|           | Rural Electrification Corporation Lid (REC)   |                           |
| 2         | Power Finance Corporation Ltd. (PFC)          | 1,671.00                  |
| 3         | Dredging Corporation 0f Tndia Ltd (DCIL)      | 53.33                     |
|           | Indian Oil Corporation Ltd. (IOC)             | 9.369.00                  |
| 5         | Engineers India Ltd. (EIL)                    | 642.5                     |
|           | National Thermal Power Corporation Ltd (NTPC) | 5014.55                   |
|           | Container Corporation of India Ltd. (CONCOR)  | 1155.20                   |
| 8         | Bharat Dynamics Ltd: (BDL)                    | 198.85                    |
| 9         | Hindustan Aeronautics Ltd. (HAL)              | 4284.37                   |

## Financial Year 2016-17

| No.                     | Name of CPSEs                                       | Receipts (in Rs. Crore)   |
|-------------------------|-----------------------------------------------------|---------------------------|
| CPSEs' disinvestment    | CPSEs' disinvestment                                | CPSEs' disinvestment      |
| 1                       | National Hydroelectric Power Corporation Ltd_(NHPC) | 2716.55                   |
| 2                       |                                                     | 262                       |
| 3                       |                                                     | 203.78                    |
| 4                       | National Aluminium Company Ltd (NALCO               | 2831.71                   |
| 5                       |                                                     | 399.93                    |
| 6                       |                                                     | 7519.15                   |
| 7                       | Manganese Ore (India Ltd.MMOIL)                     | 793.87                    |
| 8                       | National Buildings Construction Corporation (NBCC)  | 2201.14                   |
| 9                       |                                                     | 1802.60                   |
| 10                      |                                                     | 31.38                     |
| 11.                     | Coal India Ltd. (CIL)                               | 2638.24                   |
| Strategic disinvestment | Strategic disinvestment                             | Strategic disinvestment   |
| 12                      | Disinvestment of SUUTI Holdings in LaT              | 2096.35                   |

No disinvestment has been made S0 far in the case of Bharat Pumps and Compressors Ltd.

(b) & (c): Disinvestment in Central Public Sector Enterprises (CPSEs) is undertaken as per Government and 'strategic disinvestment'

The entire\_process for CPSEs' disinvestment is, operated in an environment which cannot be predicted: The actual realization from CPSEs' disinvestment depends on the prevailing market conditions and as per the policy and commitment; the Government looks for right opportunity for disinvestment transactions and moves ahead in a prudent manner.

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