Government has given ‘in-principle’ approval for strategic disinvestment of 33 Central Public Sector Enterprises

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Government has given ‘in-principle’ approval for strategic disinvestment of 33 CPSEs

By PIB Delhi

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 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)

YearBudget EstimateRevised EstimateActual Realisation

Strategic disinvestment of CPSEs is being guided by the basic economic principle that Government should discontinue 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.


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 CPSEAdministrative Ministry
 1Hindustan Petroleum Corporation Ltd.M/o Petroleum and Natural Gas
 2Rural Electrification Corporation Ltd.M/o Power
 3Hospital Services Consultancy Ltd. (HSCC)M/o Health and Family Welfare
 4National Projects Construction Corporation (NPCC)M/o Water Resources
 5Dredging Corporation of IndiaM/o Shipping

b) Transactions in process

Serial No.Name of CPSEAdministrative Ministry
 1Project & Development India Ltd.D/o Fertilizers
 2Hindustan Prefab Ltd. (HPL)M/o Housing and Urban Affairs
 3Engineering Projects (India) Ltd.D/o Heavy Industry
 4Bridge & Roof Co. India Ltd.D/o Heavy Industry
 5Hindustan Newsprint Ltd. (Subsidiary)D/o Heavy Industry
 6Scooters India Ltd.D/o Heavy Industry
 7Bharat Pumps and Compressors Ltd.D/o Heavy Industry
 8Cement Corporation of India Ltd.D/o Heavy Industry
 9Hindustan Fluorocarbon Ltd. (Subsidiary)D/o Chemicals & Petrochemicals
 10Central Electronics Ltd.D/o Scientific and Industrial Research
 11Bharat Earth Movers Ltd. (BEML)D/o Defence Production
 12Ferro Scrap Nigam Ltd. (Subsidiary)M/o Steel
 13Nagarnar Steel Plant of NMDCM/o Steel
14 Alloy Steel Plant, Durgapur; Salem Steel Plant; Bhadrwati units of SAILM/o Steel
 15Pawan Hans Ltd.M/o Civil Aviation
 16Air India and its five subsidiaries and one JVM/o Civil Aviation
 17HLL LifecareM/o Health
 18Indian Medicines & Pharmaceutical Corporation Ltd. (IMPCL)M/o Ayush
 19Kamarajar Port LimitedM/o Shipping
 20Indian Tourism Development Corporation (ITDC)M/o Tourism
 21Karnataka Antibiotics and Pharmaceuticals Ltd.D/o Pharmaceuticals
 22Hindustan Antibiotics Ltd.D/o Pharmaceuticals
 23Bengal Chemicals and Pharmaceuticals Ltd. (BCPL)D/o Pharmaceuticals

c) Recent ‘in-principle’ approval for strategic disinvestment

Serial No.Name of CPSEAdministrative Ministry
(a) Bharat Petroleum Corporation Ltd(except Numaligarh Refinery Limited)(b) BPCL stake in Numaligarh Refinery Limited to a CPSE strategic buyerM/o Petroleum and Natural Gas
 2Shipping Corporation of India Ltd. (SCI )M/o Shipping
 3Container Corporation of India Ltd. (CONCOR)M/o Railways
 4THDC India Limited (THDCIL)M/o Power
 5North Eastern Electric Power Corp. Ltd. (NEEPCO)M/o Power

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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