Disinvestment fetches Rs 51,600 cr: White Paper
The Centre has raised Rs 51,600 crore from disinvestment of equity in the Central Public Sector Enterprises and strategic sale of state-owned companies since the inception of the policy in 1991.
By PTI |
NEW DELHI: The Centre has raised Rs 51,600 crore from disinvestment of equity in the Central Public Sector Enterprises (CPSEs) and strategic sale of state-owned companies since the inception of the policy in 1991.
"The total realisation from the strategic sale transactions was Rs 6,344.35 crore, which is around one-tenth of the total amount of Rs 51,608.8 crore raised from disinvestment till July 31, 2007," said the White Paper on Disinvestment of CPSEs tabled in Parliament today.
The paper further pointed out that the market capitalisation of the 40 CPSEs, whose shares are listed and traded on stock exchanges, was Rs 7.76 lakh crore as on July 31, with ONGC leading the chart with almost Rs 2 lakh crore.
The other CPSEs with high market capitalisation are NTPC (Rs 1.37 lakh crore), BHEL (Rs 84,770 crore), SAIL (Rs 61,976 crore) and IOC (Rs 48,039 crore).
As regards realisation, the Paper said bulk of the receipts amounting to Rs 33,543.56 crore came from sale of minority shareholding in the state-owned companies.
The realisation from strategic sale of companies was Rs 6,344.35 crore, while sale of residual stake in CPSEs yielded Rs 6,398.27 crore to the exchequer.
The proposed strategic sale of 13 CPSEs including Nalco, STC, HPCL, Shipping Corporation and National Fertilisers was called off in 2005 by the UPA government in pursuance of the National Common Minimum Programme (NCMP), the Paper said.
The other CPSEs which were on the block included MOIL, Sponge Iron, NBCC, RCFL, EIL, Balmer Lawrie, EPIL, and Hindustan Paper Corporation.
"The total realisation from the strategic sale transactions was Rs 6,344.35 crore, which is around one-tenth of the total amount of Rs 51,608.8 crore raised from disinvestment till July 31, 2007," said the White Paper on Disinvestment of CPSEs tabled in Parliament today.
The paper further pointed out that the market capitalisation of the 40 CPSEs, whose shares are listed and traded on stock exchanges, was Rs 7.76 lakh crore as on July 31, with ONGC leading the chart with almost Rs 2 lakh crore.
The other CPSEs with high market capitalisation are NTPC (Rs 1.37 lakh crore), BHEL (Rs 84,770 crore), SAIL (Rs 61,976 crore) and IOC (Rs 48,039 crore).
As regards realisation, the Paper said bulk of the receipts amounting to Rs 33,543.56 crore came from sale of minority shareholding in the state-owned companies.
The realisation from strategic sale of companies was Rs 6,344.35 crore, while sale of residual stake in CPSEs yielded Rs 6,398.27 crore to the exchequer.
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The proposed strategic sale of 13 CPSEs including Nalco, STC, HPCL, Shipping Corporation and National Fertilisers was called off in 2005 by the UPA government in pursuance of the National Common Minimum Programme (NCMP), the Paper said.
The other CPSEs which were on the block included MOIL, Sponge Iron, NBCC, RCFL, EIL, Balmer Lawrie, EPIL, and Hindustan Paper Corporation.
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