Question

Name any ten firms where in disinvestment has been done in india. name any ten firms where in disinvestment has been done in india.

Answer 1

Answer:

For the year 2001-2002, the Government set the target of Rs. 12, 000 crore regarding public sector disinvestment, but equity worth Rs. 5,632 crores was sold to the private sector. 100 per cent equity of Modem Food (a non-strategic public sector undertaking) has been sold to Hindustan Lever. 51 per cent of Government equity holding of BALCO (Bharat Aluminum Company Ltd.) has been sold to private sector firm Sterlite Industries at 826.5 crore rupees. 51 per cent of Government equity holdings in CMC has been sold to TATA. 25 per cent of Government equity in VSNL has been sold to TATA at 3689 crore rupees, 25 per cent of Government equity in IPCL has been sold to Reliance Industries at 1490 crore rupees.

The per cent of Government equity sold and the money received from its sale of different Public Sector Undertakings are given in Table 37.6. This table also gives which private company has purchased the equity of Government and at what price. The pace of public sector disinvestment greatly quickened in the year 2003-2004. In 2003-04 government equity worth Rs. 15, 547 crores was sold as compared to Rs. 3348 crores in 2002-03.

Answer 2

Disinvestment in the public sector units in India:

• It refers to the process of public asset sales by the President of India on behalf of the Government of India, indirectly or directly.
• It refers to the process of public asset sales by the President of India on behalf of the Government of India, indirectly or directly.
• The 10 firms in which disinvestment have been done are:

1. CMC Limited
2. Patherele Concrete
3. Bharat Aluminium Company
4. Hindustan Zinc
5. Indian Petrochemicals Corporation Limited
6. VSNL
7. Air India
8. ONGC-HPCL
9. Hindustan Prefab Limited
10. Bharat Earth Movers Limited