Major Achivements

S.No. Month Achievements
1 January
  1. Government launched a Further Fund Offer (FFO) of the CPSE-ETF Scheme. The FFO was opened for anchor investors on 17th January and for public issue during 18th-20th January. In order to encourage retail investors to invest in the FFO, they were given first preference for allotment under the Non-anchor category, followed by the retirement funds and other investors respectively. The issue size had been kept at Rs. 4500 crore with an option to retain an additional amount of Rs. 1500 crore. Overall, the issue was oversubscribed by 2.30 times, with overwhelming response, especially from the retail investors, Provident/Pension Funds and the FIIs. The Government realized an amount to the tune of Rs.6000 crore through this offer.
  2. The MOIL-OFS issue to disinvest 10 per cent paid up capital of MOIL Ltd. out of Government of India shareholding was held from 24.01.2017 to 25.01.2017. An amount of Rs.484.95 crore has been realised through this OFS transaction.
  • Current Year 2016-17 Target and Achievement so far

    Sl.No. Financial Year Target (In Rs. Crore) Achievement (In Rs. Crore)
    1. 2016-17 56,500.00 (including Rs. 36,000 crore as disinvestment of CPSEs and Rs. 20,500 crore from strategic disinvestment). 37,696.03 (As on 14.02.2017)

    Last 5 years Targets and Achievements

    Sl.No. Financial Year Target (In Rs. Crore) Achievement (In Rs. Crore)
    1. 2011-12 40,000.00 13,894
    2. 2012-13 30,000.00 23,957
    3. 2013-14 40,000.00 15,819
    4. 2014-15 43,425.00 24,349
    5. 2015-16 41,000.00 (excluding strategic disinvestment of Rs. 28,500 crore) 23,997*

    * An additional amount of approx. Rs. 8,152 crore has also been realised through sale of bonus debentures of NTPC to EPFO.

    Budget Announcements and implementation status

    Sl.No. Para No. Text of Announcement Status of Implementation
    1. 88 A new Policy for management of Government investment in Public Sector Enterprises, including disinvestment and strategic sale has been approved. We have to leverage the assets of CPSEs for generation of resources for investment in new projects. We will encourage CPSEs to divest individual assets like land, manufacturing units, etc. to release their asset value for making investment in new projects. The NITI Aayog will identify the CPSEs for strategic sale. (i) Detailed instructions/circulars on the procedure and mechanism for strategic disinvestment have been issued on 29th February, 2016 to all Ministries/Departments concerned, including NITI Aayog.

    (ii) Based on the NITI Aayog's report, CCEA in its meeting held on 27th October, 2016, has approved, 'in-principle' the proposal for strategic disinvestment of CPSEs.
    2. 89 We will adopt a comprehensive approach for efficient management of Government investment in CPSEs by addressing issues such as capital restructuring, dividend, bonus shares, etc. The Department of Disinvestment is being re-named as the “Department of Investment and Public Asset Management (DIPAM)”. (i) The Department has been renamed as Department of Investment and Public Asset Management (DIPAM) in line with focus of the Government on management of its investment in Central Public Sector Enterprises (CPSEs) for accelerating economic development as well as augmenting Government resources for higher expenditure.

    (ii) To ensure efficient management of GoI's investment in CPSEs, the Guidelines on "Capital Restructuring of CPSEs" have been issued on 27th May, 2016 which supersede all previously issued guidelines by various Ministries/Departments.