Lok Sabha Question No. 2405 (UNSTARRED), answered on 2021-12-13
Subject: Privatisation of Public Sector Institutions
Ministry: FINANCE
Asked by: Mala Roy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOK SABHA

## UNSTARRED QUESTION NO. 2405

TO BE ANSWERED ON MONDAY, DECEMBER 13, 2021

Agrahayana 22, 1943 (Saka)

## Privatisation of Public Sector Institutions

## 2405.  SHRIMATI MALA ROY:

Will the Minister of FINANCE be pleased to state:

- (a) the details of the Public Sector Enterprises, Banks and Financial Institutions that have been enlisted for disinvestment and privatization during the next three financial years; and
- (b) the details of the target amount set to be realised through the said process?

## ANSWER

## THE MINISTER OF STATE IN MINISTRY OF FINANCE

## (DR. BHAGWAT KISHANRAO KARAD)

(a)  The government, since 2016, has given 'in-principle' approval for strategic disinvestment of 36 CPSEs and/or Subsidiaries/ Units/ Joint Ventures of CPSEs and Banks, a list of which is annexed.

(b)    The  execution  and  outcome  of  disinvestment  transactions  inter  alia  depends  on  the prevailing market conditions and bidders' interest.

***

## Annexure

(Lok Sabha Unstarred Question No. 2405 for reply on December 13, 2021)

List of CPSEs and/or Subsidiaries/ Units/ Joint Ventures of CPSEs and Banks for which Government has given 'in-principle' approval for strategic disinvestment since 2016.

## a) Ongoing Transactions being processed by DIPAM

|   1. | Project &Development India Limited                                                                                                                  |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
|    2 | Engineering Project (India) Limited                                                                                                                 |
|    3 | Bridge and Roof Co. India Limited                                                                                                                   |
|    4 | Central Electronics Limited (CEL)@                                                                                                                  |
|    5 | BEML Limited                                                                                                                                        |
|    6 | Ferro Scrap Nigam Limited (subsidiary)                                                                                                              |
|    7 | Nagarnar Steel Plant of NMDC Limited                                                                                                                |
|    8 | Alloy Steel Plant, Durgapur^; Salem Steel Plant; Bhadrawati Steel Plant - units of Steel Authority of India Limited                                 |
|    9 | Pawan Hans Limited                                                                                                                                  |
|   10 | Air India and five of its subsidiaries@                                                                                                             |
|   11 | HLL Lifecare Limited                                                                                                                                |
|   12 | Indian Medicines Pharmaceuticals Corporation Limited                                                                                                |
|   13 | (a) Bharat Petroleum Corporation Ltd (except Numaligarh Refinery Limited) (b) BPCL stake in Numaligarh Refinery Limited to a CPSE strategic buyer $ |
|   14 | The Shipping Corporation of India Limited                                                                                                           |
|   15 | Container Corporation of India Limited                                                                                                              |
|   16 | Neelachal Ispat Nigam Limited ( JV of four CPSEs and two State PSEs)                                                                                |
|   17 | Rashtriya Ispat Nigam Ltd.                                                                                                                          |
|   18 | IDBI Bank                                                                                                                                           |

- @ Strategic Buyer selected for Air India and AIXL and CEL.

$ Transaction completed.

## b) Transactions being processed by respective Administrative Ministries

|   19. | Various Units of India Tourism Development Corporation Limited   |
|-------|------------------------------------------------------------------|
|    20 | Hindustan Antibiotics Limited                                    |
|    21 | Bengal Chemicals &Pharmaceuticals Limited                        |

## c) Transactions held up due to litigation

|   22. | Hindustan Newsprint Limited (subsidiary)       |
|-------|------------------------------------------------|
|    23 | Karnataka Antibiotics &Pharmaceuticals Limited |

## d) Transactions halted as the CPSEs recommended / approved for closure; or any other reason

|   24. | Hindustan Fluorocarbons Limited (subsidiary)*   |
|-------|-------------------------------------------------|
|    25 | Scooters India Limited*                         |
|    26 | Bharat Pumps &Compressors Limited*              |
|    27 | Hindustan Prefab Limited                        |
|    28 | Units of Cement Corporation of India Limited#   |

## e) Transactions Completed

|   S.No. | Name of CPSE                                       |
|---------|----------------------------------------------------|
|      29 | Hindustan Petroleum Corporation Limited            |
|      30 | Rural Electrification Corporation Limited          |
|      31 | HSCC(India) Limited                                |
|      32 | National Projects construction corporation Limited |
|      33 | Dredging Corporation of India Limited              |
|      34 | THDC India Limited                                 |
|      35 | North Eastern Electric Power Corporation Limited   |
|      36 | Kamrajar Port Limited                              |