Lok Sabha Question No. 2080 (UNSTARRED), answered on 2017-07-28
Subject: Disinvestment Strategy
Ministry: FINANCE
Asked by: PR. SENTHILNATHAN

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

## LOKSABHA UNSTARRED QUESTION NO. 2080

TO BE ANSWERED ON FRIDAY, JULY 28, 2017 SHARA VANA 6, 1939 (SAKA)

## Disinvestment Strategy

## 2080 SHRI PR SENTHIL NATHAN

## WIll the Miruster of FINANCE be pleased to state

- (a) whether the Government has chalked out any strategy to disinvest the Government's shares m certam loss makmg PSUs and also to acquire certam PSUs by the profit makmg PSUs and If so, the details thereof,
- (b) whether the Umon Government has devised new imtiatrves and policies for the development ofNava Ratna and Mnu Ratna Cornpames in the country, ant
- (c) If so, the details thereof and the performance and loss of the companies of the last two years?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHW AL)

- (a) Disinvestment in Central Public Sector Enterpnses (CPSEs) IS undertaken as per the extant disinvestment pohcy of the Government which , mter aha, envisages -
- (1) Dismvestment through mmonty stake sale in hsted CPSEs to acluev» muumum pubhc shareholdmg norms of 25 per cent While pursumg disinvestment of CPSEs, the Government will retam majority shareholdmg, 1 e at least 51 % and management control of the Pubhc Sector Undertakmgs
- (n) Strategic disinvestment by way of sale of substantial portion of Government shareholdmg in identified CPSEs upto 50 per cent or more, along WIth transfer of management control

(b) & (c) The Government has already delegated financial and operational powers to the Boards ofNavratna and Mimratna Central Pubhc Sector Enterpnses (CPSEs) in the areas of capital expenditure, mvestment in joint ventures/subsidianes, human resources management, entenng mto technology joint ventures or strategic alhances, etc in order to provide flexibility in decision makmg so as to enable these CPSEs to Improve their competrtiveness and performance

As per the mformation provided by Department of Pubhc Enterpnses (DPE), the details of profit/loss ofNavratna and Mmiratna CPSEs dunng last two years are at Annexure

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Annexure as referred to In reply to art (b) &() f on 28 th July, 2017 p C 0 Lok Sabha Unstarred Question No 2080 for answer

## Details ofprofitlloss of Navratna and Mimratna CPSEs durmg last two years

|          |                                     |               | Turnover   | I              |              |
|----------|-------------------------------------|---------------|------------|----------------|--------------|
|          | Navratna                            | Turnover      |            | Profit/ Loss ' | Profit/ Loss |
| S No     | CPSEs                               | 2014-15       | 2015-16    | 2014-15        | 2015-16      |
| 1        | BHARAT ELECTRONICS LTD              | 686169        | 766271     | 116724         | 135767       |
| 2        | BHARA T PETROLEUM CORPN LTD         | 25325486      | 21801104   | 508451         | 743188       |
| 3        | CONTAINER CORPORATION OF INDIA LTD  | 557370        | 574258     | 104755         | 78693        |
| 4        | ENGINEERS INDIA LTD                 | 171870        | 149305     | 30798          | 25831        |
| 5        | HINDUSTAN AERONAUTICS LTD           | 1563033       | 1728008    | 238805         | 165377       |
| 6        | HINDUSTAN PETROLEUM CORPN LTD       | 21730692      | 19803440   | 273326         | 386274       |
| 7        | MAHANAGAR TELEPHONE NIGAM LTD       | 339753        | 319662     | -289339        | -200574      |
| 8        | NAnONAL ALUMINIUM COMPANY LTD       | 789153        | 726920     | 132185         | 73101        |
| 9        | NBCC (INDIA) LTD                    | 440211        | 582710     | 27730          | 30880        |
| 10       | NLC INDIA LTD                       | 609758        | 667661     | 157968         | 120415       |
| 11       | NMDCLtd                             | 1236247       | 645727     | 642186         | 302833       |
| 12       | OIL INDIA LTD                       | 974823        | 976487     | 251020         | 233011       |
| 13       | POWER FINANCE CORPORATION LTD       | 2486132       | 2747365    | 595933         | 611348       |
| 14       | POWER GRID CORPORA nON OF INDIA LTD | 1717723       | 2080222    | 497917         | 602672       |
| f---- 15 | RASHTRIYA ISPATNIGAM LTD            | 1043217       | 1013290    | 6238           | -142064      |
| 16       | RURAL ELECTRIFICA nON CORPN LTD     | 2022953       | 2363835    | 525987 ,       | 562766       |
| 17       | SHIPPING CORPORA nON OF INDIA LTD   | 418644        | 411239     | 20093          | 37729        |
|          | Miniratna-I                         | Turnover      | Turnover   | Profit/ Loss   | Profit! Loss |
| S        | CPSEs                               | 2014-15       | 2015-16    | 2014-15        | 2015-16      |
| No       |                                     |               | 1025520    | 195922         | 253736       |
| 1        | AIRPORTS AUTHORITY OF INDIA         | 889095 171756 | 179509     | 20510          | 20913        |
| 2        | ANTRIX CORPORATION LTD              |               | 283265     | 14744          | 16320        |
| f---- 3  | BALMER LAWRIE & CO LTD              | 286864        | 328744     | 676            | 5265         |
| 4        | BEMLLTD                             | 299917        | 1122257    | 76314          | 76820        |
| 5        | BHARA T COKING COAL LTD             | 1018444       | 416358     | 41857          | 56324        |
| 6        | BHARA T DYNAMICS LTD                | 279968        | 2844942    | -823409        | -387992      |
| 7        | BHARAT SANCHAR NIGAM LTD            | 2724223       | 171687     | 1200           | 265          |
| 8        | BRIDGE & ROOF CO (INDIA) LTD        | 143478        |            |                | 191470       |
| 9        | CENTRAL COALFIELDS LTD              | 1205903       | 1396314    | 177061         |              |

| 10     | CENTRAL WAREHOUSINGCORPN                           | 147333          | 154066   | 18212   | 19782   |
|--------|----------------------------------------------------|-----------------|----------|---------|---------|
| 11     | CHENNAIPETROLEUM CORPORATIONLTD                    | 4789630         | 3496758  | -3899   | 77068   |
| 12     | COCHIN SHIPYARD LTD                                | 185952          | 199589   | 23507   | 27503   |
| 13     | DREDGING CORPN OF INDIA LTD                        | 73496           | 66586    | 6241    | 7967    |
| 14     | EdCIL(Indla) Ltd                                   | 7414            | 17028    | 509     | 3096    |
| 15     | GARDENREACH SHIPBUILDERS & ENGINEERSLTD            | 161469          | 170785   | 4345    | 16072   |
| 16     | GOASHIPYARDLTD                                     | 57551           | 74424    | 7824    | 6189    |
| 17     | HINDUSTAN COPPER LTD                               | 113820          | 107421   | 6760    | 4356    |
| 18     | HINDUSTAN NEWSPRINT LTD                            | 34108           | 33190    | -781    | 142     |
| 19     | HINDUSTAN PAPER CORPORATION LTD                    | 81880           | 40482    | -33129  | -37014  |
| 20 f-- | HLL LIFECARE LTD                                   | 106438          | 107208   | 3155    | 2888    |
| 21     | HOUSING & URBAN DEV CORPN LTD                      | 334655          | 320481   | 77763   | 78379   |
| 22     | HSCC (INDIA) LTD                                   | 4228            | 102180   | 2454 '  | 5462    |
| 23     | INDIATOURISM DEV CORPN LTD                         | 47228           | 43713    | 3437    | 2255    |
| 24     | INDIATRADE PROMOTION ORGANISATION                  | 24593           | 24503    | 20785   | 16528   |
| 25     | INDIANRAILWAY CATERINGAND TOURISMCORPN LTD         | 109492          | 138169   | 13063   | 18863   |
| 26     | INDIANRARE EARTHS LTD                              | 42351           | 36352    | 67      | -10451  |
| 27     | INDIAN RENEWABLE ENERGY DEVTAGENCY LTD             | 111785          | 117403   | 27191   | 29804   |
| 28     | IRCON INTERNATIONAL LTD                            | 286399          | 230577   | 57939   | 37927   |
| 2S     | KAMARAJARPORT LTD                                  | 56644           | 61731    | 33657   | 35072   |
| 30     | KIOCLLTD                                           | 63037           | 20557    | 3082    | -7766   |
| 31     | MMTCLTD                                            | 1828484         | 1250360  | 4791    | 5486    |
| 32     | MSTCLTD                                            | 542497          | 289155   | 9099    | 5988    |
| 33     | MAHANADICOALFIELDLS LTD                            | 1238775         | 1468366  | 355410  | 418474  |
| 34     | MANGALOREREFINERY & PETROCHEMICALSLTD              | 6241714         | 5087958  | -171223 | 114816  |
| 35     | MAZAGONDOCK SHIPBUILDERS LTD                       | 361891          | 414183   | 49159   | 63782   |
|        | MISHRADHATUNIGAM LTD                               | 65570           | 76170    | 10213   | 11803   |
| 36     |                                                    | 83116           | 63460    | 42801   | 17298   |
| 37     | MOIL LTD                                           | 855320          | 780255   | 2624    | 19709   |
| 38     | NATIONAL FERTILIZERS LTD                           | 85798           | 76171    | 3884    | 4341    |
| 3S     | NATIONAL SEEDS CORPN LTD NATIONAL SMALL INDUSTRIES | 250697          | 262863   | 8860    | 10146   |
|        | CORPN LTD                                          | 680225          | 743406   | 212447  | 244014  |
| 41     | NHPCLTD                                            | 153051          | 160841   | 31854   | 37255   |
| 42     | NORTH EASTERN ELECTRIC POWER CORPORATION LTD       |                 | 1077680  | 213417  | 272250  |
| 43     | NORTHERN COALFIELDSLTD                             | 1032531         | 1192544  | 71831   | 122234  |
| 44     | NUMALIGARH REFINERY LTD                            | 1082705 1888170 | 1238543  | 190422  | -209355 |
| 45     | ONGCVIDESH LTD                                     | 52236           | 46241    | 3881    | 3728    |
| 46     | PAWANHANS LTD                                      |                 | 6429     | -586    | -892    |
|        | PROJECTS & DEVELOPMENT INDIA                       | 4639            |          |         |         |
| 47     | LTD                                                |                 |          |         |         |

II

| 48     | RAIL VlKAS NIGAM LTD                        | 314197   | 454130   | 18572        | 28759        |
|--------|---------------------------------------------|----------|----------|--------------|--------------|
| 49     | RAILTEL CORPORATION INDIA LTD               | 48182    | 57221    | 12094        | 10383        |
| 50     | RASHTRIYA CHEMICALS AND FERTILIZERS LTD     | 786166   | 879162   | 32206        | 19123        |
| 51     | RITES LTD                                   | 110428   | 119998   | 30614        | 33892        |
| 52     | SECURITYPRINTING & MINTING CORPN INDIA LTD  | 451886   | 472914   | -35207       | 20308        |
| 53     | SJVNLTD                                     | 281753   | 249849   | 167675       | 140848       |
| 54     | SOUTHEASTERN COALFIELDS LTD                 | 2234102  | 2529121  | 365993       | 324790       |
| 55     | STATETRADING CORPN OF INDIA LTD             | 1449400  | 1060105  | 2619         | 1786         |
| 56     | TELECOMMUNICATIONS CONSULTANTS(INDIA) LTD   | 80208    | 132772   | 2137         | 3652         |
| 57     | THDCINDIA LTD                               | 239716   | 246649   | 69115        | 80902        |
| 58     | WAPCOSLTD                                   | 91454    | 82644    | 7293         | 8383         |
| 59     | WESTERN COALFIELDS LTD                      | 806643   | 823625   | 31314        | 29660        |
|        | Mmiratna-Il                                 | Turnover | Turnover | Profitt Loss | Profitt Loss |
| S      | CPSEs                                       | 2014-15  | 2015-16  | 2014-15      | 2015-16      |
| f--- 1 | ARTIFICIAL LIMBS MFG CORPN OF INDIA         | 16270    | 18935    | 3165         | 4620         |
| 2      | BHARAT PUMPS & COMPRESSORS LTD              | 10265    | 7858     | -5504        | -7506        |
| 3      | BROADCASTENGG CONSULTANTS INDIA LTD         | 7723     | 2927     | -139         | -622         |
| 4      | CENTRALMINE PLANNING & DESIGNINSTITUTE LTD  | 81654    | 87713    | 2504         | 2848         |
| 5      | CENTRALRAILSIDE WAREHOUSE CO LTD            | 9957     | 8555     | 1386         | 1114         |
| 6      | ENGINEERING PROJECTS (INDIA) LTD            | 103128   | 129546   | 2709         | 2455         |
| 7      | FCI ARAVALI GYPSUM & MINERALS (INDIA) LTD   | 8244     | 6380     | 3537         | 3420         |
|        | FERRO SCRAPNIGAM LTD                        | 26410    | 33416    | 1710         | '. 2111      |
| 8 9    | HMT (INTERNATIONAL) LTD                     | 3340     | 3391     | 52           | 49           |
| 10     | INDIAN MEDICINES & PHARMACEUTICAL CORPN LTD | 3203     | 3630     | -14          | -332         |
| 11     | MECONLTD                                    | 43059    | 32785    | 2027         | -16241       |
| 12     | MINERALEXPLORATION CORPN LTD                | 26566    | 26732    | 5944         | 7676         |
| 13     | NATIONAL FILM DEV CORPN LTD                 | 2763     | 11151    | -919         | 1310         |
| 14     | PECLTD                                      | 625451   | 378429   | -20854       | -114202 ---- |
|        |                                             | 22440    | 21202    | 1445         | 1200         |
| IS     | RAJASTHAN ELECTRONICS AND INSTRUMENTS LTD   |          |          |              |              |

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