Lok Sabha Question No. 1616 (UNSTARRED), answered on 2023-07-31
Subject: Disinvestment in Steel PSUs
Ministry: FINANCE
Asked by: Dibyendu Adhikari

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT (DIPAM)

## LOK SABHA

## UNSTARRED QUESTION NO. 1616 TO BE ANSWERED ON MONDAY, JULY 31, 2023/ SRAVANA 9, 1945 (Saka)

## Disinvestment in Steel PSUs

## 1616:

SHRI DIBYENDU ADHIKARI

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government proposes either to sell or disinvest the Steel Public Sector undertakings (PSUs) in the country;
- (b)  if so, whether the Government has identified the PSU plants therefor;
- (c)  if so, the details of plants which have been taken up for disinvestment along with present status and to be taken up in next two years therefor;
- (d)  the present status of the units which are under DIPAM thereto; and
- (e)  the proposal of the Government on Alloy Steels Plant, Durgapur thereof?

## ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (DR. BHAGWAT KISHANRAO KARAD)

- (a) to (e):  The Cabinet Committee on Economic Affairs (CCEA) has given 'in-principle' approval for the strategic disinvestment of 04 (four) CPSEs/subsidiaries/Units under the

Ministry of Steel. The details along with present status of strategic disinvestment is as

## follows:

|   Sl. No. | CPSEs/subsidiaries/Units                                               | Status                                                                                                                                        |
|-----------|------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|
|         1 | Ferro Scrap Nigam Limited (FSNL), which is a subsidiary of MSTC Ltd.   | Ongoing Transaction                                                                                                                           |
|         2 | Units of Steel Authority of India Limited (SAIL) -                     |                                                                                                                                               |
|         2 | (a) Alloy Steels Plant, Durgapur                                       | Transaction halted for the time being after unsuccessful response to Expression of Interest (EoIs) issued.                                    |
|         2 | (b) Salem Steel Plant, Salem                                           | On-going transaction                                                                                                                          |
|         2 | (c) Bhadravati Steel Plant                                             | Expression of Interest (EoI) process has been annulled due to lack of willingness by qualified bidders to proceed further in the transaction. |
|         3 | NMDC Steel Limited (NSL) (erstwhile Nagarnar Steel Plant of NMDC Ltd.) | Ongoing Transaction                                                                                                                           |
|         4 | Rashtriya Ispat Nigam Limited (RINL)                                   | Expression of Interest (EoI) is yet to be invited                                                                                             |

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