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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
STARRED QUESTION NO: 318
ANSWERED ON:  08.08.2022
Disinvestment of PSUs
V. Kalanidhi
Will the Minister of



FINANCE be pleased to state:-


(a) the details of Maharatna, Navaratna and Miniratna public sector enterprises in the country at present;

(b) the details of Maharatna, Navaratna and Miniratna public sector enterprises proposed for
disinvestment during the current year;

(c) the details of the profitable Maharatna, Navaratna and Miniratna public sector enterprises at present;

(d) whether the Government has planned for sale of entire remaining stake in these enterprises even though they are profitable; and

(e) if so, the details thereof and the reasons therefor?


ANSWER
MINISTER OF FINANCE
(SMT. NIRMALA SITHARAMAN)

(a) to (e): A statement is laid on the Table of the House.

STATEMENT REFERRED TO IN REPLY TO THE LOK SABHA
STARRED QUESTION NO. 318 ON “DISINVESTMENT OF PSUs”
RAISED BY DR. KALANIDHI VEERASWAMY DUE FOR ANSWER ON 08.08.2022

(a): There are 11Maharatna ,13 Navratna and 74 Miniratna Central Public Sector Enterprises (CPSEs) at present in the country.

(b): The Government, since 2016, has given ‘in-principle’ approval for strategic disinvestment of 35 cases of CPSEs and/or Subsidiaries/ Units/ Joint Ventures of CPSEs. Details along with “Ratna” status are given in Annexure. Besides, in certain CPSEs, where the Government continues to retain control, disinvestment through minority stake sale is carried out through various SEBI-approved methods such as Initial Public Offer (IPO), Offer for Sale (OFS), Buyback of shares etc. from time to time based on prevailing market conditions and investor interest.

(c): As per the Public Enterprises Survey for the year 2020-21, 10 Maharatna, 11 Navratna and 62 Miniratna CPSEs have reported profit in FY 20-21.

(d) & (e): In February 2021, Government notified New Public Sector Enterprise (“PSE”) Policy for Atmanirbhar Bharat. The policy intends to minimize the presence of Government in the PSEs across all sectors of economy. Under New Public Sector Enterprise (“PSE”) Policy public sector commercial enterprises are being classified as Strategic and Non-Strategic sectors. Four broad Strategic Sectors have been delineated based on the criteria of national security, energy security, critical infrastructure, provision of financial services and availability of important minerals. These include (i) Atomic Energy, Space and Defense; (ii) Transport and Telecommunication; (iii) Power, Petroleum, Coal and other minerals; and (iv) Banking, Insurance and Financial Services.

In Strategic sectors, bare minimum presence of the existing public sector commercial enterprises at Holding Company level is to be retained under Government control. The remaining enterprises in a strategic sector are to be considered for privatization or merger /subsidiarization with another PSE or for closure. PSEs in non-strategic sectors are to be considered for privatization, where feasible, otherwise such enterprises are to be considered for closure.


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