Lok Sabha Question No. 1613 (UNSTARRED), answered on 2018-07-27
Subject: Disinvestment of PSUs
Ministry: FINANCE
Asked by: Adhikari Dibyendu

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANANGEMENT

## LOKSABHA UNSTARRED QUESTION NO. 1613

TO BE ANSWERED ON FRIDAY, JULY 27,2018 SHRAVANA 5, 1940 (SAKA)

## Disinvestment of PSUs

## 1613. SHRI DIBYENDU ADHIKARI :

Will the Minister of FINANCE be pleased to state:

- a) whether the Government has decided to divest Public Sector Undertakings (PSUs) through Initial Public Offer (IPO) sale process;
- b) if so, the details of sale target and further proceedings thereof;
- c) the details of present account status of PSUs and the share of the Government in comparison to the year 2012; and
- d) the details of fund utilization which has been raised through sale of PSUs shares during the last four years, year-wise?

## ANSWER

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

- (a) Yes Sir. The Government of India has approved in 2017-18 listing of 14 CPSEs in sectors like railways, defence, power, steel, renewable energy and insurance of which 8 CPSEs have since been listed.
- (b) Disinvestment Targets & Realization in last 4 years:
- (c) The details of Government of India shareholding of CPSEs as on 31st March, 2012 and 31st March, 2018 is annexed as Annexure-I.
- (d) The details of fund utilization and Disinvestment proceeds are as follows:

| S. No.   | Financial Year   | Target for Disinvestment of CPSEs   | Target for Disinvestment of CPSEs   | Proceeds from Disinvestment   |
|----------|------------------|-------------------------------------|-------------------------------------|-------------------------------|
| S. No.   | Financial Year   | Budget Estimate                     | Revised Estimate                    | Proceeds from Disinvestment   |
| 1.       | 2014-15          | 43,425                              | 26,353                              | 24,349                        |
| 2.       | 2015-16          | 69,500                              | 25,313                              | 23,997                        |
| 3.       | 2016-17          | 56,500                              | 40,000                              | 46,247                        |
| 4.       | 2017-18          | 72,500                              | 1,00,000                            | 1,00,057                      |

(Rs. In crores)

| Description                                    | 2014-15   | 2015-16   | 2016-17   | 2017-18 (REI   |
|------------------------------------------------|-----------|-----------|-----------|----------------|
| Utilisation (through National Investment Fund) | 29,438.42 | 23,997.91 | 35,469.98 | 85,100.00      |

I

## Annexure-I

The details of Government of India shareholding of CPSEs as on 31st March, 2012 and 31st March, 2018.

|   S. No. | CPSE                                          |   Gol's Shareholding as on 31.03.2012 (in %age) | Gol's Shareholding as on 31.03.2018 (in %aae)   |
|----------|-----------------------------------------------|-------------------------------------------------|-------------------------------------------------|
|        1 | ANDREW YULE & CO.LTO.                         |                                           93.3  | 89.25                                           |
|        2 | BALMER LAWRIE INVESTMENTS LTD.                |                                           59.67 | 59.67                                           |
|        3 | BEML LTD.                                     |                                           54.03 | 54.03                                           |
|        4 | BHARAT DYNAMICS LTD.                          |                                          100    | 87.75                                           |
|        5 | BHARAT ELECTRONICS LTD.                       |                                           75.86 | 66.79                                           |
|        6 | BHARAT HEAVY ELECTRICALS LTD.                 |                                           67.72 | 63.06                                           |
|        7 | BHARAT IMMUNOLOGICALS & BIOLOGICALS CORP.LTO. |                                           59.25 | 59.25                                           |
|        8 | BHARAT PETROLEUM CORP.LTO.                    |                                           54.93 | 54.31                                           |
|        9 | COAL INDIA LTD.                               |                                           90    | 78.55                                           |
|       10 | COCHIN SHIPYARD LTD.                          |                                          100    | 75.00                                           |
|       11 | CONTAINER CORP.OF INDIA LTD.                  |                                           63.09 | 54.80                                           |
|       12 | DREDGING CORP.OF INDIA LTD.                   |                                           78.56 | 73.47                                           |
|       13 | ENGINEERS INDIA LTD.                          |                                           80.4  | 52.02                                           |
|       14 | FERTILIZERS & CHEMICALS TRAVANCORE LTD.       |                                           98.56 | 90.00                                           |
|       15 | GAIL(INDIA) LTD.                              |                                           57.34 | 53.59                                           |
|       16 | GENERAL INSURANCE CORP.OF INDIA               |                                          100    | 85.78                                           |
|       17 | HINDUSTAN AERONAUTICS LTD.                    |                                          100    | 89.97                                           |
|       18 | HINDUSTAN COPPER LTD.                         |                                           99.59 | 76.05                                           |
|       19 | HINDUSTAN ORGANIC CHEMICALS LTD.              |                                           58.78 | 58.78                                           |
|       20 | HINDUSTAN PETROLEUM CORP.LTD.                 |                                           51.11 |                                                 |
|       21 | HINDUSTAN PHOTO FILMS MFG.CO.LTD.             |                                           90.68 | NIL 90.00                                       |
|       22 | HMT LTD.                                      |                                           99.88 | 93.69                                           |
|       23 | HOUSING & URBAN DEVELOPMENT CORP.LTD.         |                                          100    | 89.81                                           |
|       24 | INDIA TOURISM DEVELOPMENT CORP.LTD.           |                                           92.11 | 87.03                                           |
|       25 | INDIAN OIL CORP.LTO.                          |                                           78.92 | 56.98                                           |
|       26 | ITI LTD.                                      |                                           92.98 | 92.63                                           |
|       27 | KIOCL LTD.                                    |                                           99    | 99.00                                           |
|       28 | MADRAS FERTILIZERS LTD.                       |                                           59.5  | 59.50                                           |
|       29 | MAHANAGAR TELEPHONE NIGAM LTD.                |                                           56.25 | 56.25                                           |
|       30 | MISHRA DHATU NIGAM LTD.                       |                                          100    | 74.00                                           |
|       31 | MMTC LTD.                                     |                                           99.33 | 89.93                                           |
|       32 | MOIL LTD.                                     |                                           80    | 65.69                                           |
|       33 | NATIONAL ALUMINIUM CO.LTD.                    |                                           87.15 | 60.20                                           |
|       34 | NATIONAL FERTILIZERS LTD.                     |                                           97.64 | 74.71                                           |
|       35 | NBCC (INDIA) LTD.                             |                                           90    | 74.29                                           |
|       36 | NEW INDIA ASSURANCE CO.LTO.,                  |                                          100    | 85.44                                           |
|       37 | NHPC LTD.                                     |                                           86.36 | 73.96                                           |
|       38 | NLC INDIA LTD.                                |                                           93.56 | 84.04                                           |
|       39 | NMDC LTD.                                     |                                           90    | 72.43                                           |

|   40 | NTPC LTD.                              |   84.50 | 62.27   |
|------|----------------------------------------|---------|---------|
|   41 | OIL & NATURAL GAS CORP.L TO.           |   69.23 | 67.72   |
|   42 | OIL INDIA LTD.                         |   78.43 | 66.13   |
|   43 | POWER FINANCE CORP.L TO.               |   73.72 | 65.92   |
|   44 | POWER GRID CORP.OF INDIA LTD.          |   69.42 | 56.91   |
|   45 | RASHTRIYA CHEMICALS & FERTILIZERS LTD. |   92.5  | 75.00   |
|   46 | RITES LTD.                             |  100    | 87.38** |
|   47 | RURAL ELECTRIFICATION CORP.LTD.        |   66.8  | 58.32   |
|   48 | SCOOTERS INDIA LTD.                    |   95.38 | 93.74   |
|   49 | SHIPPING CORP. OF INDIA LTD.,THE       |   63.75 | 63.75   |
|   50 | SJVN LTD.                              |   89.97 | 90.78   |
|   51 | STATE TRADING CORP.OF INDIA LTD.       |   91.02 | 90.00   |
|   52 | STEEL AUTHORITY OF INDIA LTD.          |   85.82 | 75.00   |

** RITES Gol Shareholding as on 30.06.2018