Lok Sabha Question No. 176 (UNSTARRED), answered on 2019-11-18
Subject: Disinvestment Plans of BPCL
Ministry: PETROLEUM AND NATURAL GAS
Asked by: M. Selvaraj, Gaurav Gogoi, K. Muraleedharan, K. Subbarayan, Pradyut Bordoloi, Sougata Ray, Naba (Hira) Kumar Sarania

## LOK SABHA

## UNSTARRED QUESTION NO. 176

## TO BE ANSWERED ON 18 TH  NOVEMBER, 2019

## Disinvestment Plans of BPCL

## 176.

SHRI M. SELVARAJ:

SHRI GAURAV GOGOI:

SHRI K. MURALEEDHARAN:

SHRI SUBBARAYAN K.:

SHRI PRADYUT BORDOLOI:

PROF. SAUGATA RAY:

SHRI NABA KUMAR SARANIA:

पेट्रोल ियम एवं प्राक ृ तिक गैस मंत्री

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

- (a) whether the Ministry has finalised the disinvestment plans for Bharat Petroleum Corporation Limited (BPCL), if so, the details and the process thereof along with the details of total revenue expected to be accrued by the said disinvestment;
- (b)  whether  any  objections  have  been  raised  by  any  State  Government  or employees in this regard, if so, the details thereof and the action taken to redress their grievances;
- (c)  whether  it  is  a  fact  that  the  Ministry  is  halting  the  privatisation  of  Numaligarh Refinery Limited (NRL), if so, the reasons therefor;
- (d) whether any plan has been chalked out for keeping the identity and ownership of the NRL exclusively in the PSU mode even after the disinvestment of BPCL;
- (e)  the  details  of  such  other  companies  which  are  proposed  to  be  privatised  in similar manner; and
- (f) the details of profit earned by NRL and BPCL during the last three years and the details of CSR funds utilised during the said period?

## ANSWER

पेट्रोल ियम एवं प्राक ृ तिक गैस मंत्री ( श्री धमेन्द्र प्रधान )

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

- (a) to (e) Disinvestment is the subject matter of Department of Investment and Public  Asset  Management  (DIPAM)  and  DIPAM  has  informed  that Cabinet  Committee  on  Economic  Affairs  (CCEA)  is  mandated  to approve  strategic  disinvestment  of  Central  Public  Sector  Enterprises (CPSEs).  This  Ministry  has  not  finalized  the  disinvestment  plan  of Bharat Petroleum Corporation Limited (BPCL) and Numaligarh Refinery Limited (NRL). Certain representations have been received in this regard and actions are taken on such representations in the light of the disinvestment policy of the Government.

- (f) The profit earned and CSR funds utilized by NRL and BPCL during the last three years are as below :-

( ₹ in Crores)

| Numaligarh Refinery Limited   | Numaligarh Refinery Limited   | Numaligarh Refinery Limited   | Numaligarh Refinery Limited   |
|-------------------------------|-------------------------------|-------------------------------|-------------------------------|
| Description                   | 2016-17                       | 2017-18                       | 2018-19                       |
| Profit After Tax              | 2100.57                       | 2044.65                       | 1968.10                       |
| CSR fund utilised             | 20.69                         | 46.25                         | 54.85                         |

( ₹ in Crores)

| Bharat Petroleum Corporation Limited   | Bharat Petroleum Corporation Limited   | Bharat Petroleum Corporation Limited   | Bharat Petroleum Corporation Limited   |
|----------------------------------------|----------------------------------------|----------------------------------------|----------------------------------------|
| Description                            | 2016-17                                | 2017-18                                | 2018-19                                |
| Profit After Tax                       | 8039.00                                | 7976.00                                | 7132.00                                |
| CSR fund utilised                      | 90.98                                  | 166.02                                 | 177.94                                 |

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