Disinvestment of Oil PSUs

The Government proposes to disinvest stake of oil Public Sector Undertakings (PSUs) to meet the revenue target.

PSUs wise Government Shareholding in Oil PSUs are as follows:

1. Oil & Natural Gas Corporation (ONGC) - 68.94%
2. Indian Oil Corporation Ltd. (IOCL) - 68.57%.
3. Gas Authority of India Ltd. (GAIL)  - 56.11%
4. Hindustan Petroleum Corporation Ltd. (HPCL)  - 51.11%
5. Oil India Ltd. (OIL) - 67.64%
6. Bharat Petroleum Corporation Ltd.  (BPCL) - 54.93%
7. Engineers India Ltd. (EIL) - 69.37%
8. Biecco Lawrie Ltd. - 32.23%

The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 10th September, 2014 approved the sale of 5% paid-up equity capital in ONGC out of the Government of India’s shareholding of 68.94%.

This was stated by Shri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Rajya Sabha.