Lok Sabha Question No. 90 (UNSTARRED), answered on 2019-11-18
Subject: Profits of Public Sector Oil Companies
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Abdul Majeed Ariff

## LOK SABHA UNSTARRED QUESTION NO.90 TO BE ANSWERED ON 18 TH  NOVEMBER, 2019

## Profits of Public Sector Oil Companies

90. ADV.A.M. ARIFF:

## पेट्रोलियम और प्राक ृ लिक गैस मंत्री

## Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

- (a) whether the profits of public sector oil companies have greatly increased over the years, if so, the details thereof during the last three years, year-wise; and
- (b) the details of money collected by the Government through selling the Shares of public sector oil companies in  the last five years?

## A N S W E R

## पेट्रोलियम और प्राक ृ लिक गैस मंत्री ( श्री धमेंन्द  र प्रधान )

## MINISTER  OF PETROLEUM AND NATURAL GAS (SHRI DHARMENDRA PRADHAN)

- (a) The  Profits    After    Tax  (PAT)  of  major  Public    Sector    Oil  Companies    during  the  last    three financial  years  are given below:-
- (b) The information furnished by Department of Investment and Public Asset Management on receipts of  Government through selling the Shares of public sector oil companies in  the last five years is given below:-

| Company                                       | PAT (in Rs crore)   | PAT (in Rs crore)   | PAT (in Rs crore)   |
|-----------------------------------------------|---------------------|---------------------|---------------------|
|                                               | 2016-17             | 2017-18             | 2018-19             |
| Indian Oil Corporation Limited                | 19106.00            | 21346.00            | 16894.00            |
| Bharat Petroleum Corporation Limited          | 8039.30             | 7976.30             | 7132.02             |
| Hindustan Petroleum Corporation Limited       | 6209.00             | 6357.00             | 6029.00             |
| GAIL (India) Limited                          | 3502.91             | 4618.41             | 6025.67             |
| Oil India Limited                             | 1548.68             | 2667.93             | 2590.14             |
| Engineers India Limited                       | 325.04              | 377.87              | 370.07              |
| Mangalore Refinery and Petrochemicals limited | 3643.69             | 2224.12             | 331.96              |
| Oil and Natural Gas Corporation Limited       | 17900.00            | 19945.00            | 26716.00            |

|                                                                                              | Amount realised (in Rs crore)   | Amount realised (in Rs crore)   | Amount realised (in Rs crore)   | Amount realised (in Rs crore)   | Amount realised (in Rs crore)   |
|----------------------------------------------------------------------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|---------------------------------|
|                                                                                              | 2014-15                         | 2015-16                         | 2016-17                         | 2017-18                         | 2018-19                         |
| Indian Oil Corporation Limited (IOCL)                                                        | NIL                             | 9369.00                         | 262.42                          | 00                              | 2647.00                         |
| Oil India Limited (OIL)                                                                      | NIL                             | 00                              | 00                              | 1135.26                         | 1135.26                         |
| Hindustan Petroleum Corporation Limited (HPCL) - Oil and Natural Gas Corporation (ONGC) Deal | NIL                             | 00                              | 00                              | 36915.00                        | 00                              |
| Oil and Natural Gas Corporation (ONGC)                                                       | NIL                             | 00                              | 00                              | 00                              | 2510.51                         |
| Total                                                                                        | NIL                             | 9369.00                         | 262.42                          | 38050.26                        | 6292.77                         |

Further, Government of India realised Rs. 28525.30 crore by divesting its holding in ONGC, IOCL, OIL, BPCL and Gail Authority of India Limited.