Lok Sabha Question No. 928 (UNSTARRED), answered on 2025-02-10
Subject: Proceeds from Disinvestment
Ministry: FINANCE
Asked by: Shri Krishna Prasad Tenneti

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT

## LOK SABHA UNSTARRED QUESTION No. 928

MONDAY, FEBRUARY 10, 2025 MAGHA 21, 1946 (SAKA)

## Proceeds from Disinvestment

## 928. Shri Krishna Prasad Tenneti:

Will the Minister of FINANCE be pleased to state:

- (a) the target set for proceeds from disinvestment by the Government in the FY 2024-25 and 2025-26 including the details of the organisations for the same;
- (b) the actual proceeds received from disinvestment by the Government in the FY 2024-25 including sources of such proceeds; and
- (c) the reasons for a mismatch between the target set and actual proceeds from disinvestment, if any?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

- (a) :  Fixing  separate  disinvestment  target/estimate  has  been  discontinued  since  the  Revised Estimate (RE) stage of FY 2023-24. During FY 2024-25, there is no separate estimate/target for disinvestment receipts. Rs 50,000 crore was kept under Miscellaneous Capital Receipts at Budget Estimate (BE) stage of FY2024-25 which has been revised to Rs 33,000 crore at RE  stage.    Miscellaneous  Capital  Receipts  includes  estimated  receipts  on  account  of management of equity investments and public assets through various mechanisms. Budget Estimate  for  Miscellaneous  Capital  Receipts  (MCR)  for  FY  2025-26  has  been  kept  at Rs 47,000 crore.
- (b) :  Disinvestment/Asset  Monetisation  is  an  ongoing  process,  and  execution/completion  of specific transactions hinges upon market conditions, domestic and global economic outlook,

geopolitical  factors,  investor  interest  and  administrative  feasibility.  During  the  current Financial  Year  2024-25,  Government  has  realised  Rs  8,625.05  crore  as  disinvestment proceeds  through  various  disinvestment  transactions  (as  on  04.02.2025).  Details  are  as under:

| S. No   | Name of the Entity                                  | Method of disinvestment /others   | Actual proceeds (₹ Crore)   |
|---------|-----------------------------------------------------|-----------------------------------|-----------------------------|
| 1.      | General Insurance Corporation of India (GIC)        | Offer for Sale                    | 2,345.55                    |
| 2.      | Cochin Shipyard Limited                             | Offer for Sale                    | 2,015.32                    |
| 3.      | Hindustan Zinc Limited                              | Offer for Sale                    | 3449.18                     |
| 4.      | Remittances from SUUTI                              | Others                            | 815.00                      |
| 5       | Ferro Scrap Nigam Limited (Subsidiary of MSTC Ltd.) | Strategic Disinvestment           | 0.00*                       |
| Total   | Total                                               | Total                             | 8625.05                     |

- (c) :  Question  of  mismatch  doesn't  arise  as  there  is  no  separate/specific  target  set  for disinvestment proceeds since 2023-24.

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