26 PSUs to be completely sold by the Government

Admin

This is in reference to Aman sethi, House no. 182-a, Sector 51-a, Chandigarh housing board, Chandigarh:283203, RTI application (Reg. No. DODIN/R/T/20/00081 dated 05.08.2020), transferred by Department of Financial Services on 05/08/2020 under Reference No. DOFSR/R/E/20/01074.

The information available with CPIO & Under Secretary,Department of Investment and Public Asset Management desk in respect of the information sought under the RTI Act, 2005, vide above-mentioned application, are as under:

Query:

Finance Minister, Nirmala Sitharaman announced on July 27 that the central government has been working on completing the stake sale process of about 23 public sector companies whose disinvestment has been cleared by the cabinet. With reference to same, kindly provide the following –

  1. Name of those 23 undertaking in which government is planning to disinvest or sell the stake.
  2. How much percentage of share the government is planning to disinvest or sell.
  3. Is UCO BANK Name present in that list.

26 PSUs to be completely sold as under –

  1. Project & Development India Ltd (PDIL)
  2. Engineering Projects India Ltd (EPIL)
  3. Pawan Hans Limited (PHL)
  4. B & R Company Limited (B&R)
  5. Air India
  6. Central Electronics Limited (CEL)
  7. Cement Corporation India Limited CCIL (Nayagaon unit)
  8. Indian Medicine & Pharmaceuticals Corporation Ltd. (IMPCL)
  9. Salem Steel Plant, Bhadrawati Steel Plant, Durgapur Steel plant
  10. Ferro Scrap Nigam Ltd. (FSNL)
  11. Nagarnar Steel Plant of NDMC
  12. Bharat Earth Movers Limited (BEML)
  13. HLL Lifecare
  14. Bharat Petroleum Corporation Ltd. (BPCL)
  15. Shipping Corporation of India Ltd. (SCI)
  16. Container Corporation of India Ltd (CONCOR)
  17. Nilachal Ispat Nigam Limited (NINL)
  18. Hindustan Prefab Limited (HPL)
  19. Bharat Pumps and Compressors Ltd (BCPL)
  20. Scooters India Ltd (SIL)
  21. Hindustan Newsprint Ltd (HNL)
  22. Karnataka Antibiotics & Pharmaceuticals Ltd (KAPL)
  23. Bengal Chemicals & Pharmaceuticals Ltd. (BCPL)
  24. Hindustan Antibiotics Ltd. (HAL)
  25. Indian Tourism Development Corporation (ITDC)
  26. Hindustan Fluorocarbon Ltd (HFL)

Regarding point no. 2: It is to inform that strategic disinvestment in any firm/CPSE depends upon market conditions and it is exempted under Section 8(1)(a) in the Right To Information Act, 2005 till the completion of the transaction.

Regarding point No. 3: No information is available as DIPAM has no mandate for disinvestment of Public Sector Banks to date.

The above information provided by Priya Ranjan, CPIO & Under Secretary, Department of Investment & Public Asset Management.