Lok Sabha Question No. 884 (UNSTARRED), answered on 2018-12-14
Subject: Disinvestment
Ministry: FINANCE
Asked by: Adhikari Dibyendu, M. B. RAJESH

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## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOKSABHA UNSTARRED QUESTION NO. 884

TO BE ANSWERED ON FRIDAY, DECEMBER 14,2018 Agrahayana 23, 1940 (SAKA)

## Disinvestment

## 884. SHRI DIBYENDU ADHIKARI: SHRI M.B. RAJESH:

Will the Minister of FINANCE be pleased to state:

- (a) the details of amount of money generated through disinvestment of Public Sector Undertakings (PSUs) during the last four years;
- (b) the targets for disinvestment in the current financial year and the amount realized so far; Offer (IPO)
- (c) whether the Government has decided to divest PSUs through initial Public sale process and if so, the details of sale targets and further proceedings thereof;
- (d) the present account status of PSUs and their Government sharing in comparison to year
- 2012 ;and (e) the details of fund utilization which has been raised through sale of PSU shares in the last four years, year-wise?

## ANSWER

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

| (a): Amount generated from disinvestment in   | (a): Amount generated from disinvestment in   | years: Proceeds from Disinvestment   |
|-----------------------------------------------|-----------------------------------------------|--------------------------------------|
| SI. No.                                       | Financial year                                | (Rs. in Crore)                       |
| I                                             | 2014-15                                       | 24,349 23,997                        |
| 2                                             | 2015-16                                       | 46,247                               |
|                                               | 2016-17                                       |                                      |
| 3                                             |                                               | 1,00,057                             |
| 4                                             | 2017-18                                       |                                      |

- 4 (b): Against the disinvestment target of Rs. 80,000 crore, during the current FY 2018-19 the Government has so far (as on 10.12.2018) realized Rs. 32,997.86 crore from disinvestment proceeds.
- (c): IPO is one of the instruments by which the Government of India offers opportunity to common people to own a share in a government company. During the financial year 2018-19, IPOs of 4 CPSEs viz MIDHANI, RITES, IRCON and GRSE were launched and listed and Rs. 1703.55 crore has been realized through disinvestment.
- (d): Accounts of CPSEs are finalized and audited as per Government norms. Details of Government share-holding in listed CPSEs is at Annexure.
- (e): The realization proceeds from disinvestment are credited to National Investment Fund (NIF) as a 'Public Account' and expenditure is incurred under NIF Heads.

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| Annexure as referred to in repy to part (d) of Lok Sabha USQ No. 884 for answer on 14-12.2018.   | Annexure as referred to in repy to part (d) of Lok Sabha USQ No. 884 for answer on 14-12.2018.   | Annexure as referred to in repy to part (d) of Lok Sabha USQ No. 884 for answer on 14-12.2018.   | Annexure as referred to in repy to part (d) of Lok Sabha USQ No. 884 for answer on 14-12.2018.   |
|--------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------|
| SL.NO.                                                                                           | Government of India shareholding in Listed CPSEs                                                 | Govt. of India Equity 0/0                                                                        | Govt. of India Equity 0/0                                                                        |
|                                                                                                  | COMPANY                                                                                          | during the year 2012                                                                             | as on date                                                                                       |
| I                                                                                                | BHARA T DYNAMICS LTD.                                                                            | 100.00                                                                                           | 87.75                                                                                            |
| 2                                                                                                | BHARA T ELECTRONICS LTD.                                                                         | 74.41                                                                                            | 6].93                                                                                            |
|                                                                                                  |                                                                                                  | 89.65                                                                                            | 72.92                                                                                            |
| 3                                                                                                | COAL INDIA LTD.                                                                                  | 99.99                                                                                            | 75                                                                                               |
| 4                                                                                                | COCHIN SHIPYARD LTD.                                                                             | 61.79                                                                                            | 54.8                                                                                             |
| 5                                                                                                | CONTAINER CORP.OF INDIA LTD.                                                                     | 78.56                                                                                            | 73.47                                                                                            |
| 6                                                                                                | DREDGING CORP.OF INDIA LTD.                                                                      | 80.40                                                                                            | 52.02                                                                                            |
| 7                                                                                                | ENGINEERS INDIA LTD.                                                                             |                                                                                                  | 53.46                                                                                            |
| 8                                                                                                | GAIL                                                                                             | 56.11                                                                                            |                                                                                                  |
| 9                                                                                                | GARDEN REACH SHIPBUILDERS & ENGINEERS LTD.                                                       | 100%                                                                                             | 74.5                                                                                             |
| 10                                                                                               | INDIA HINDUST AN AERONAUTICS LTD                                                                 | 100% 100.00                                                                                      | 85.78 89.97                                                                                      |
| I I 12                                                                                           | HINDUSTAN COPPER LTD.                                                                            | 94.01                                                                                            | 76.05                                                                                            |
|                                                                                                  | HOUSING & URBAN DEVELOPMENT CORP.LTD.                                                            | 100.00                                                                                           | 89.81                                                                                            |
| 13                                                                                               | INDIA TOURISM DEVELOPMENT                                                                        | 92.11                                                                                            | 87.03                                                                                            |
| 14 15                                                                                            | CORP.LTD. INDIAN OIL CORP.L TO.                                                                  | 68.57                                                                                            | 54.06                                                                                            |
|                                                                                                  | IRCON INTERNATIONAL LTD.                                                                         | 99.69                                                                                            | 89.18                                                                                            |
| 16                                                                                               | NIGAM LTD.                                                                                       | 100.00                                                                                           | 74                                                                                               |
| 17                                                                                               | MISHRA DHATU                                                                                     | 99.33                                                                                            | 89.93                                                                                            |
| 18                                                                                               | MMTC LTD.                                                                                        | 71.57                                                                                            | 56.01                                                                                            |
| 19                                                                                               | MOIL LTD.                                                                                        | 87.15                                                                                            | 56.59                                                                                            |
| 20                                                                                               | NATIONAL ALUMINIUM CO.LTD NATIONAL BUILDINGS CONSTRUCTION CORP.LTD.                              | 90.00                                                                                            | 70.57                                                                                            |
| 21                                                                                               | NATIONAL FERTILIZERS LTD                                                                         | 97.64                                                                                            | 74.71                                                                                            |
| 22                                                                                               | NEW INDIA ASSURANCE                                                                              |                                                                                                  | 85.44                                                                                            |
| 23                                                                                               | CO.L TD.,THE                                                                                     | 100.00 86.36                                                                                     | 73.67                                                                                            |
| 24                                                                                               | NHPC LTD. LTD.                                                                                   | 89.32                                                                                            | 82.47                                                                                            |
| 25                                                                                               | NLC INDIA                                                                                        |                                                                                                  | 72.43                                                                                            |
| 26                                                                                               | NMDC LTD.                                                                                        | 80.00                                                                                            |                                                                                                  |
| 27                                                                                               | NTPC LTD.                                                                                        | 84.50                                                                                            | 58.93 65.65                                                                                      |
| 28                                                                                               | OIL & NATURAL GAS CORP.LTD.                                                                      | 69.23 78.43                                                                                      | 63.19                                                                                            |
| 29                                                                                               | OIL INDIA LTD.                                                                                   | 73.72                                                                                            | 6].48                                                                                            |
| 30 31                                                                                            | POWER FINANCE CORP.L TO. POWER GRID CORP.OF INDIA LTD.                                           | 69.42                                                                                            | 56.34                                                                                            |

| RASHTRIY A CHEMICALS &   | FERTILIZERS LTD.                                |   92.5 | 75         |
|--------------------------|-------------------------------------------------|--------|------------|
| 32 33                    | RITES LTD.                                      | 100    | 87.38      |
| 34                       | RURAL ELECTRIFICA nON CORP. LTD.                |  66.8  | 52.85      |
| 35                       | STATE TRADING CORP.OF INDIA LTD.,THE            |  91.02 | 90         |
| 36                       | STEEL AUTHORITY OF INDIA LTD.                   |  85.82 | 75.00      |
| 37                       | HPCL*                                           |  51.11 | 0          |
| 38                       | HSCC*                                           |  99.98 | 0          |
| 39                       | NALCO                                           |  87.15 | 56.59      |
| 40                       | NATIONAL MINERAL DEVELOPMENT CORP.              |  90    | 72.43      |
| 41                       | STEEL AUTHORITY OF INDIA LTD.                   |  85.82 | 75         |
| 42                       | BHEL                                            |  67.72 | 63.06      |
| 43                       | SJVN                                            |  64.46 | 62.69      |
| 44                       | BPCL                                            |  54.93 | 53.93      |
| 45                       | KIOCL                                           |  99    | 99         |
| 46                       | ITI LTD.                                        |  92.87 | 93.72      |
| 47                       | BEML                                            |  54.03 | 54.03      |
| 48                       | Fertilisers and Chemicals Travancore            |  90    | 90         |
| 49                       | SHIPPING CORP.OF INDIA LTD.                     |  63.75 | 63.75      |
| 50                       | HMT LTD.                                        |  93.68 | 93.68      |
| 51                       | ANDREW YULE & CO.LTO.                           |  93.3  | 89.25      |
| 52                       | MAHANAGAR TELEPHONE NIGAM LTD.                  |  56.25 | 56.89      |
| 53                       | BALMER LAWRIE INVESTMENTS LTD.                  |  59.67 | 59.67 59.5 |
| 54                       | MADRAS FERTILIZERS LTD.                         |  59.5  |            |
| 55                       | SCOOTERS INDIA LTD.                             |  95.38 | 93.87      |
| 56                       | HINDUSTAN ORGANIC CHEMICALS LTD.                |  58.78 | 58.78      |
| 57                       | BHARA T IMMUNOLOGICALS & BIOLOGICALS CORP.L TO. |  59.25 | 59.25      |

Source: The Gol equity % as on date is as per the latest shareholding pattern published by the respective CPSEs

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