TMI BlogGovernment has given ‘in-principle’ approval for strategic disinvestment of 33 CPSEsX X X X Extracts X X X X X X X X Extracts X X X X ..... Government has given ‘in-principle’ approval for strategic disinvestment of 33 CPSEs - News and Press Release Dated:- 3-12-2019 - News - The Government has given in-principle approval for strategic disinvestment of 33 Central Public Sector Enterprises (CPSEs) including subsidiaries, Units and Joint Ventures with sale of majority stake of Government of India and transfer of management control. The list of 33 CPSEs are at Annexure. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance Corporate Affairs, in a written reply to a question in Rajya Sabha today. These include profit making as well as loss making CPSEs. Government follows a policy of strategic disinvestment of CPSEs, which are not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in priority sectors For this purpose, NITI Aayog has been mandated to identify such CPSEs based on the criteria of (i) National Security; (ii) Sovereign function at arm s length, and (iii) Market Imperfections and Public Purpose. However, profitability/loss of the CPSEs is not among the relevant criteria. The details of disinvestment targets set by the Ministry of Finance and achieved results each year over the last five years are as follows: (in Rs. Crore) Year Budget Estimate Revised Estimate Actual Realisation 2014-15 43,425 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 26,353 24,349 2015-16 69,500 25,313 23,997 2016-17 56,500 40,500 46,247 2017-18 72,500 1,00,000 1,00,057 2018-19 80,000 80,000 84,972 Strategic disinvestment of CPSEs is being guided by the basic economic principle that Government should disconti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nue in sectors, where competitive markets have come of age and economic potential of such entities may be better discovered in the hands of strategic investor due to various factors such as infusion of capital, technological upgradation and efficient management practices. The success of the transaction depends on the prevailing market conditions and the investors' interest. ANNEXURE List of CPSEs, including Subsidiaries, Units Joint Ventures for which Government has given 'in-principle' approval for strategic disinvestment. a) Transactions Completed Serial No. Name of CPSE A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dministrative Ministry Hindustan Petroleum Corporation Ltd. M/o Petroleum and Natural Gas Rural Electrification Corporation Ltd. M/o Power Hospital Services Consultancy Ltd. (HSCC) M/o Health and Family Welfare National Projects Construction Corporation (NPCC) M/o Water Resources ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dredging Corporation of India M/o Shipping b) Transactions in process Serial No. Name of CPSE Administrative Ministry Project Development India Ltd. D/o Fertilizers Hindustan Prefab Ltd. (HPL) M/o Housing and Urban Affairs Engineering Projects (India) Ltd. D/o Heavy Industry ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bridge Roof Co. India Ltd. D/o Heavy Industry Hindustan Newsprint Ltd. (Subsidiary) D/o Heavy Industry Scooters India Ltd. D/o Heavy Industry Bharat Pumps and Compressors Ltd. D/o Heavy Industry Cement Corporation of India Ltd. D/o Heavy Industry ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Hindustan Fluorocarbon Ltd. (Subsidiary) D/o Chemicals Petrochemicals Central Electronics Ltd. D/o Scientific and Industrial Research Bharat Earth Movers Ltd. (BEML) D/o Defence Production Ferro Scrap Nigam Ltd. (Subsidiary) M/o Steel Nagarnar Steel Plant of NMDC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M/o Steel Alloy Steel Plant, Durgapur; Salem Steel Plant; Bhadrwati units of SAIL M/o Steel Pawan Hans Ltd. M/o Civil Aviation Air India and its five subsidiaries and one JV M/o Civil Aviation HLL Lifecare M/o Health Indian Medicines Pharmaceutical Corporation Ltd. (IMPC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... L) M/o Ayush Kamarajar Port Limited M/o Shipping Indian Tourism Development Corporation (ITDC) M/o Tourism Karnataka Antibiotics and Pharmaceuticals Ltd. D/o Pharmaceuticals Hindustan Antibiotics Ltd. D/o Pharmaceuticals Bengal Chemicals and Pharmace ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uticals Ltd. (BCPL) D/o Pharmaceuticals c) Recent in-principle approval for strategic disinvestment Serial No. Name of CPSE Administrative Ministry (a) Bharat Petroleum Corporation Ltd(except Numaligarh Refinery Limited) (b) BPCL stake in Numaligarh Refinery Limited to a CPSE strategic buyer M/o Petroleum and Natural Gas Shipping Corporation of India Ltd. (SCI ) M/o Shipping ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Container Corporation of India Ltd. (CONCOR) M/o Railways THDC India Limited (THDCIL) M/o Power North Eastern Electric Power Corp. Ltd. (NEEPCO) M/o Power - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
