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Home News News and Press Release Month 3 2015 2015 (3) This

Disinvestment of Oil PSUs

18-3-2015
  • Contents

The Government proposes to disinvest stake of oil Public Sector Undertakings (PSUs) to meet the revenue target.

PSUs wise Government Shareholding in Oil PSUs are as follows:

  1. Oil & Natural Gas Corporation (ONGC) - 68.94%
  2. Indian Oil Corporation Ltd. (IOCL) - 68.57%.
  3. Gas Authority of India Ltd. (GAIL)  - 56.11%
  4. Hindustan Petroleum Corporation Ltd. (HPCL)  - 51.11%
  5. Oil India Ltd. (OIL) - 67.64%
  6. Bharat Petroleum Corporation Ltd.  (BPCL) - 54.93%
  7. Engineers India Ltd. (EIL) - 69.37%
  8. Biecco Lawrie Ltd. - 32.23%

The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 10th September, 2014 approved the sale of 5% paid-up equity capital in ONGC out of the Government of India’s shareholding of 68.94%.

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Rajya Sabha.

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