(a) whether public sector oil companies are settling their shares to the private sectors;and
(b) if so, the details thereof, PSU-wise?
(a) whether public sector oil companies are settling their shares to the private sectors;and
(b) if so, the details thereof, PSU-wise?
MINISTER OF THE STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI JITIN PRASADA)
(a) & (b): Government had disinvested its stake equivalent to 10% of the paid up capital in two Oil PSUs,
namely, Oil India Limited (OIL) and Engineers India Limited (EtL) during 2009-10 and 2010-11 respectively.
Further, this Ministry has given concurrence for disinvestment of 5% of paid up equity capital of Oil and
Natural Gas Corporation (ONGC) and 10% of paid up capital of Indian Oil Corporation Limited (IOCL) out of
the Government`s shareholding..