BEML divestment deferred

The government has given Budget Estimate (BE) for disinvestment during the year 2017-18 as Rs.72,500 crore.

This comprised Rs.46,500 Crore from disinvestment of Central Public Sector Enterprises (CPSEs) and Rs.15,000 Crore from Strategic Disinvestment as well as Rs.11,000 Crore from listing of Insurance Companies, parliament was told on 3 Jan 2018.

CPSE-wise target has been fixed. The CPSEs which have been given ‘in-principle’ approval for strategic disinvestment by the Government are:

Scooters India Ltd.
Bridge & Roof India Ltd.
Project & Development India Ltd.
Pawan Hans Ltd.
Bharat Pumps Compressors Ltd.
Central Electronics Ltd.
Hindustan Prefab Ltd.
Bharat Earth Movers Ltd.
Hindustan Newsprint Ltd. (subsidiary)
Ferro Scrap Nigam Ltd. (subsidiary)
Hindustan Fluorocarbon Ltd. (subsidiary)
Cement Corporation of India Ltd.
Nagarnar Steel Plant of NMDC.
Bhadrawati, Salem and Durgapur units of SAIL.
HSCC (India) Ltd.
National Projects Construction Corporation (NPCC).
Engineering Projects (India) Ltd.
Air India.
Dredging Corporation of India Ltd.
HLLLifecare Ltd.
Indian Medicines & Pharmaceutical Corporation Ltd.
Karnataka Antibiotics and Pharmaceuticals Ltd.
Hindustan Petroleum Corporation Ltd.
Units/JVs of ITDC.

Government has deferred the strategic disinvestment of BEML Ltd to undertake further diligence exercise on various aspects as considered necessary, said Minister of State for Defence Dr. Subhash Bhamrein a written reply to Lok Sabha (parliament) on 3 Jan 2018. Fii-news.com