THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI ANURAG SINGH THAKUR)
(a) to (d) The government has so far given ‘in-principle’ approval for strategic disinvestment of 35 CPSEs and Subsidiaries/Units/Joint Ventures of CPSEs since 2016, the list of which is annexed. This is based on the recommendations of NITI Aayog, which has been mandated to identify CPSEs for strategic disinvestment. For this purpose NITI Aayog identified these CPSEs based on the criteria of (i) National Security; (ii) Sovereign function at arm’s length; and (iii) Market Imperfections and Public Purpose.
Profitability or loss of the CPSE is not a relevant criterion for disinvestment. This list includes profit-making as well as loss-making CPSEs.
(e) In the Budget for the financial year 2021-2022, target for disinvestment receipts has been kept at Rs.1.75 lakh crore (BE). The quantum of disinvestment receipts and timing of disinvestment transactions will depend on the prevailing markets conditions and investors’ interest.
(f) On strategic disinvestment, it is expected that the strategic buyer will bring in new funds, technology and improved management practices for optimum development of business potential and growth of the CPSE. The growth of the company post-disinvestment would be able to generate higher economic activity, growth of the ancillary industries and contribute to the economic growth of the country, which will result in creation of new job opportunities. The proposed strategic disinvestment of the company is on a ‘going concern’ basis, with change in ownership only and employees will generally continue to be company’s employees. Further, the agreed terms and conditions laid down in the Share Purchase Agreement may have specific clauses in respect of the employees. Post-disinvestment, the prospects of the employees are expected to improve with the growth in production, productivity and profitability.
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Annexure to Lok Sabha Unstarred Question No. 3031 for reply on 15-03-2021
List CPSEs and Subsidiaries/Units/Joint Ventures of CPSEs for which Government has given ‘in-principle’ approval for strategic disinvestment since 2016.
a) Ongoing Transactions
S.No Name of CPSE Registered Head Quarter PAT(Rs.in Lakh)2017-18 PAT(Rs.in Lakh)2018-19 PAT(Rs.in Lakh)2019-20
1. Project & Development India Limited Noida (UP) 269 3036 3183
2. Engineering Project (India) Limited New Delhi 14 -3303 92
3. Bridge and Roof Co. India Limited Howrah (WB) 1657 3333 3142
4. Units of Cement Corporation of India Limited New Delhi 1799 635 -5094
5. Central Electronics Limited Sahibabad (Uttar Pradesh) 2170.53 168.82 NOT AVAILABLE
6. BEML Limited Bengluru (Karnataka) 12944 6349 6838
7. Ferro Scrap Nigam Limited (subsidiary) Bhilai (Chhattisgarh) 807 2669 3058
8. Nagarnar Steel Plant of NMDC Limited Hyderabad (Andhra Pradesh) 380588 464211 361012
9. Alloy Steel Plant, Durgapur; Salem Steel Plant; Bhadrawati Steel Plant - units of Steel Authority of India Limited New Delhi -48171 217882 202154
10. Pawan Hans Limited Noida (UP) 1929 -6920 -2808
11. Air India and five of its subsidiaries New Delhi -533774 -847480 -847480
12. HLL Lifecare Limited Tiruvananthapuram (Kerala) -6958 1847 11049
13. Indian Medicines Pharmaceuticals Corporation Limited Uttarakhand 766 558 45
14. Various Units of India Tourism Development Corporation Limited New Delhi 1771 3957 2248
15. Hindustan Antibiotics Limited Pune (Maharashtra) 20832 -7110 -13830
16. Bengal Chemicals & Pharmaceuticals Limited Kolkata (West Bengal) 1006 2526 1307
17. (a) Bharat Petroleum Corporation Ltd(except Numaligarh Refinery Limited) (b) BPCL stake in Numaligarh Refinery Limited to a CPSE strategic buyer. Mumbai (Maharashtra) 797630 713202 268319
18. The Shipping Corporation of India Limited Mumbai (Maharashtra) 25375 -12199 30235
19. Container Corporation of India Limited New Delhi 104446 121341 37578
20. Neelachal Ispat Nigam Limited Bhubaneswar (Odisha) -37766 -40219 NOT AVAILABLE
21. Rashtriya Ispat Nigam Ltd. Visakhapatnam (AP) -136901 9671 -391017
b) Transactions held up due to litigation
S.No Name of CPSE Registered Head Quarter PAT(Rs.in Lakh)2017-18 PAT(Rs.in Lakh)2018-19 PAT(Rs.in Lakh)2019-20
22. Hindustan Newsprint Limited (subsidiary) Kottayam (Kerala) -10165 -13186 -13185
23. Karnataka Antibiotics & Pharmaceuticals Limited Bengaluru(KN) 1174 1582 2299
c) Transactions halted as the CPSEs recommended / approved for closure
S.No Name of CPSE Registered Head Quarter PAT(Rs.in Lakh)2017-18 PAT(Rs.in Lakh)2018-19 PAT(Rs.in Lakh)2019-20
24. Hindustan Fluorocarbons Limited (subsidiary)* Medak (Telangana) -77 170 -363
25. Scooters India Limited# Lucknow (UP) -1862 -463 -1573
26. Bharat Pumps & Compressors Limited@ Naini, Allahabad (UP) -4392 -3348 -2699
27. Hindustan Prefab Limited New Delhi 193 214 214
* CCEA approved closure of the CPSE on 22.01.2020
# CCEA approved closure of the CPSE on 20.01.2021
@ CCEA approved closure of the CPSE on 09.12.2020
d) Transactions Completed
S.No Name of CPSE Registered Head Quarter PAT(Rs.in Lakh)2017-18 PAT(Rs.in Lakh)2018-19 PAT(Rs.in Lakh)2019-20
28. Hindustan Petroleum Corporation Limited Mumbai (Maharashtra) 635707 602866 263726
29. Rural Electrification Corporation Limited New Delhi 441989 576372 488616
30. HSCC(India) Limited Noida (UP) 2358 4981 3763
31. National Projects construction corporation Limited Faridabad (Haryana) 3036 1937 1937
32. Dredging Corporation of India Limited Vizag(AP) 1714 3803 551
33. THDC India Limited Rishikesh (Uttarakhand) 77116 118991 92025
34. North Eastern Electric Power Corporation Limited Shillong (Meghalaya) 27466 21106 16584
35. Kamrajar Port Limited Chennai (Tamil Nadu) 39418 34035 24903
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