Lok Sabha Question No. 2890 (UNSTARRED), answered on 2016-12-02
Subject: Disinvestments and Strategic Sale
Ministry: FINANCE
Asked by: SUMEDHANAND SARASWATI, SULTAN  AHMED, SANTOSH AHLAWAT, OM PRAKASH YADAV, HARI NARAYAN RAJBHAR

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

LOK SABHA UNSTARRED QUESTION NO.2890 TO BE ANSWERED ON 2ND DECEMBER, 2016 AGRAHAYANA 1,1938 (SAKA)

## DISINVESTMENTS AND STRATEGIC SALE

2890. SHRI SUMEDHANAND SARSWATI: SHRI SULTAN AHMED: SHRIMATI SANTOSH AHLAWAT: SHRI OM PRAKASH YADAV: SHRI HARINARAYAN RAJBHAR:

Will the Minister of FINANCE be pleased to state:

- Whether the Government has approved NITI Aayog's proposals for disinvestment and (a) sale of several Public Sector Undertakings (PSUs), if so, the details thereof; strategic
- Whether the Govemment has eamed the targeted funds after the disinvestment of C) Public Sector Enterprises (CPSEs) and if so, the details of the funds PSUs and central with its utilization during the last three years and the current year; earned along PSUICPSE-wise?
- include making PSUs, if so, the details thereof and b) Whether the said proposal the reasons therefor; and profit

## ANSWER

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

- Government has given 'in-principle' approval for strategic disinvestment of some (a) and subsidiaries of CPSEs; however, after completion of the CPSEs, units of CPSEs approval of Government will be in each case process, again. sought specific
- Yes Sir: Criteria for strategic disinvestment of CPSES is not based On profitability: classified CPSEs into "high priority" and "low priority" for the NITI Aayog has purpose of strategic disinvestment:
- (c) The details of Central Public Sector Enterprises' (CPSEs) disinvestment targets & achievements during the last three and current financial year are as under: years

| Year    | Target (BE) (Rs. in crore)   | Amount Realised (Rs: in crore)   |
|---------|------------------------------|----------------------------------|
| 2013-14 | 40,000                       | 15,819                           |
| 2014-15 | 43,425                       | 24,349                           |
| 2015-16 | 41,000*                      | 23,997                           |
| 2016-17 | 36000*                       | 21400.84 (as on 15.11.2016)      |

PSU-wise details of disinvestment are annexed.

28500 crore and Rs.20500 crore for the year 2015-16 & 2016-17 respectively:

The proceeds from disinvestment are transferred to National Investment Fund (NIF) The utilization of fund of NIF for the last three years and the current year is given as under:

(Rs. in crore)

| Details                 | 2013-14   | 2014-15   | 2015-16   | 2016-17 (BE)   |
|-------------------------|-----------|-----------|-----------|----------------|
| Transferred to Railways | 17,634.38 | 28,185.12 | 23,997.91 | 34,220         |
| Transferred to PSBs     |           | 1,253.30  |           | 1,780          |

PSU-wise details of disinvestment are as under:

## Financial Year 2013-14

| SL No:   | Name of CPSEs                                               | Receipts (in Rs. Crore)   |
|----------|-------------------------------------------------------------|---------------------------|
|          | Hindustan Copper Ltd (HCL)                                  | 259.56                    |
| 2        | India Tourism Development Corporation Ltd__(ITDC)           | 30.17                     |
| 3        | Metals and Minerals Trading Corporation of India Ltd_(MMTC) | 571.71                    |
| 4        | National Fertilizers Ltd. (NFL)                             | 101.08                    |
| 5        | State Trading Corporation Ltd (STC)                         | 4.54                      |
| 6        | Neyveli Lignite Corporation LtdNNLC)                        | 358.21                    |
| 7        |                                                             | 497.32                    |
| 8        | Indian Qil Corporation_Ltd_(IQCL)                           | 5,341.49                  |
| 9        | CPSE-Exchange Traded Fund                                   | 3,000.00                  |
| 10       | National Hydroelectric Power Corporation (NHPC)             | 2,131.28                  |
|          | Power Grid Corporation of India Ltd. (PGCIL)                | 1,637.32                  |
| 12       | Bharat Heavy Electricals Ltd_(BHEL)                         | 1,886.78                  |

## Financial Year 2014-15*

An additional amount of Rs.71.54 crore has been  realized during 2014-15 through employees' OFS in NFL; NTPC, MMTC, HCL, NALCO & NMDC.

| SL No:   | Name of CPSEs                       | Receipts (in Rs. Crore)   |
|----------|-------------------------------------|---------------------------|
|          | Steel Authority of India Ltd (SAIL) | 1,719.54                  |
| 2        | Coal India Ltd (CIL)                | 22,557.63                 |

## Financial Year 2045-16

| SL: No:   | Name of CPSEs                                   | Receipts (in Rs. Crore)   |
|-----------|-------------------------------------------------|---------------------------|
|           | Rural Electrification Corporation Ltd_ (REC)    | 1,608.00                  |
| 2         |                                                 | 1,671.00                  |
| 3         | Dredging Corporation of India Ltd (DCIL)        | 53.33                     |
| 4         | 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                   |

Annexure

|   8 | Bharat Dynamics Ltd. (BDL)       | 198.85   |
|-----|----------------------------------|----------|
|   9 | Hindustan Aeronautics Ltd. (HAL) |          |

## Financial Year 2016-17

|                      | Name of CPSEs                                           | Receipts (in Rs. Crore   |
|----------------------|---------------------------------------------------------|--------------------------|
| CPSEs' disinvestment | CPSEs' disinvestment                                    | CPSEs' disinvestment     |
| 1                    | National Hydroelectric Power Corporation Ltd.(NHPC)     | 2716.55                  |
| 2_                   | Indian Qil Corporation Ltd.(IOC)                        | 262                      |
| 3_                   | National Thermal Power Corporation Ltd.                 | 203.78                   |
| 4_                   | National Aluminium Company Ltd. (NALCO)                 | 2831.71                  |
| 5.                   | Hindustan Copper Ltd.(HCL)                              | 399.93                   |
| 6                    | National Mineral Development Corporation Ltd(NMDC)      | 7519.15                  |
| 7_                   |                                                         | 793.87                   |
| 8_                   | National Buildings Construction Corporation Ltd. (NBCC) | 2201.14                  |
| 9                    | Bharat Electronics Ltd. (BEL)                           | 1802.60                  |
| 10                   | Engineers_India_Ltd_(EIL)                               | 31.38                    |
|                      | Coal India Ltd. (CIL)                                   | 2638.24                  |