Major Achivements

S.No. Month Achievements
1 November
  1. In the light of the decision that Specified Undertaking of the Unit Trust of India (SUUTI), which holds shares of Axis Bank, ITC Ltd. and L and T shares, may divest upto 3 per cent of its total shareholding in L and T in the market, a total number of 1,48,23,702 shares of Larsen and Toubro Ltd. (1.62 per cent of the equity capital of the company) was sold out of SUUTIs strategic shareholding through bulk trade on 4th November, 2016. The Government received an amount of Rs. 2096.34 crore from this strategic sale.
  2. Post the OFS issues, sale of share to the eligible employees of NHPC, Dredging Corporation of India Ltd.(DCIL) and CONCOR also resulted into a total realization of Rs. 31.54 crore to the Government during the month.
  • 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). 23,528.73 (As on 30.11.2016)

    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.