Lok Sabha Question No. 3972 (UNSTARRED), answered on 2019-01-04
Subject: Disinvestment Targets
Ministry: FINANCE
Asked by: UDIT RAJ

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

## LOKSABHA UNSTARRED QUESTION NO. 3972

TO BE ANSWERED ON FRIDAY, JANUARY 4,2019 PAUSHA 14, 1940(SAKA)

## Disinvestment Targets

3972. Dr. UDIT RAJ:

Will the Minister of FINANCE be pleased to state:

- (a) the details of disinvestment targets of the Government and the manner/plan to achieve it;
- (b) the details of stake of the number of Public Sector Undertakings (PSUs) that have been sold till now along with the percentage of stake sold;
- (c) whether the PSUs sold were profit making or loss making and if so, the details thereof; and
- (d) the number of PSUs were converted from the stature of PSU to private and the reasons for selling profit making PSUs?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PON. RADHAKRISHNAN)

- (a): The Budget Estimates for disinvestment in 2018-19 is Rs. 80,000 Crore. In recent years, the Government has been using a variety of instruments/ modes of disinvestment including Initial Public Offer (IPO), Offer For Sale (OFS), Buybacks, Strategic Disinvestment, merger & acquisition within the same sector and Exchange Traded Funds (ETFs). In the current year also these instruments are being used for disinvestment.
- (b): The details of equity divested in CPSEs during the current financial year 2018-19 are at Annex.
- (c): No CPSE wherein equity has been divested during 2018-19 was loss making.
- (d): No, Madam. During 2018-19, full stake of Government of India in HSCC (India) Ltd. was acquired by NBCC (India) Ltd. which is also a CPSE.

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## Annex

## Annex referred to in reply to part (b) ofLok Sabha Unstarred Question No. 3972 for Answer on 04.01.2019

I

I

| Sl. No.   | CPSEs                                                              | Mode of Disinvestment   | 0/0 of Government of India's share Disinvested                                                                                                                                                                                                                                                                                                                |
|-----------|--------------------------------------------------------------------|-------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           | Financial Year 2018-19                                             |                         |                                                                                                                                                                                                                                                                                                                                                               |
| I.        | Mishra Dhatu Nigam Ltd. (MIDHANI)                                  | IPO                     | 25.00                                                                                                                                                                                                                                                                                                                                                         |
| 2.        | Rail India Technical and Economic Service (RITES)                  | IPO                     | 12.60                                                                                                                                                                                                                                                                                                                                                         |
| 3.        | Indian Railway Construction Company (lRCON) International Ltd.     | IPO                     | 10.00                                                                                                                                                                                                                                                                                                                                                         |
| 4.        | Garden Reach Shipbuilders &Engineers Ltd. (GRSE)                   | IPO                     | 25.5                                                                                                                                                                                                                                                                                                                                                          |
| 5.        | Coal India Ltd. (CIL)                                              | OFS                     | 3.20                                                                                                                                                                                                                                                                                                                                                          |
| 6.        | Kudremukh Iron Ore Company Ltd. (KIOCL Ltd.)                       | Buyback                 | 1.983                                                                                                                                                                                                                                                                                                                                                         |
| 7.        | National Aluminium Corporation Ltd. (NALCO)                        | Buyback                 | 1.80                                                                                                                                                                                                                                                                                                                                                          |
| 8.        | Neyveli Lignite Corporation Ltd. [NLC (India) Ltd.]                | Buyback                 | 0.48                                                                                                                                                                                                                                                                                                                                                          |
| 9.        | Hospital Services Consultancy Corporation Ltd. fHSCC (India) Ltd.] | Strategic Disinvestment | 100.00                                                                                                                                                                                                                                                                                                                                                        |
| 10.       | Cochin Shipyard Ltd. (CSL)                                         | I3uyback                | 3.233                                                                                                                                                                                                                                                                                                                                                         |
| II.       | Bharat 22-ETF-Further Fund Offer.                                  | ETF                     | (1) L&T* 0.74%, (2) ITC* 0.42%, (3) Axis Bank Ltd.* 0.57%, (4) SBI** 0.33%, (5) Bank of Baroda** 0.29%, (6) Indian Bank** 0.14%, (7) PFCL 0.27%, (8) RECL 0.33%, (9) NHPC 0.29%, (10) SJVN Ltd. 0.14%, (11) NTPC 0.50% (12) PGClL 0.57%, (13) ONGC 0.24%, (14) IOCL 0.23%, (15) BPCL 0.38%, (16) GAIL 0.52%, (17) ElL 0.00%, (18) BEL 0.69%, (19) NBCC 0.54%, |

|    |                              |      | (21) NLC 0.10%, (22) NALCO 3.62%.                                                                                                                                                                                       |
|----|------------------------------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 12 | CPSE-ETF-Further Fund Offer. | FF03 | (1) ONGC 1.83%, (2) NTPC Ltd. 2.84%, (3) IOCL 2.69%, (4) CIL 2.21%, (5) BEL 4.16%, (6)REC Ltd. 5.14%, (7) PFC Ltd. 4.16% (8) OIL 2.94%, (9) NBCC (India) Ltd. 3.18%, (10) NLC (India) Ltd. 1.47%, (11) SJVN Ltd. 1.10%. |