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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF INVESTMENT AND PUBLIC ASSET MANAGEMENT
RAJYA SABHA
UNSTARRED QUESTION NO. 3585
TO BE ANSWERED ON TUESDAY, MARCH 24, 2026/3 CHAITRA, 1948 (SAKA)
DISINVESTMENT TARGETS AND PROCEEDS
3585. #SHRI BABURAM NISHAD,
SHRI SHAMBHU SHARAN PATEL,
SHRI MITHLESH KUMAR,
SMT. SEEMA DWIVEDI,
SHRI KESRIDEVSINH JHALA,
SHRI NARAYANA KORAGAPPA,
DR. PARMAR JASHVANTSINH SALAMSINH,
SHRI NARHARI AMIN
SMT. DARSHANA SINGH
Will the Minister of FINANCE be pleased to state:
(a) the details of total disinvestment proceeds during the last five financial years;
(b) whether Government has achieved the disinvestment targets set in the Union Budget
during the said period;
(c) if so, the details thereof;
(d) the number of Public Sector Undertaking which have been privatised or in which
strategic disinvestment has been completed; and
(e) whether the disinvestment proceeds are being used for capital expenditure or debt
reduction?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) to (c): Revised Estimate and Actual Realisation of disinvestment proceeds for the last five
years are given as under:
(Rs. crore)
Year Actual
Revised Estimate (RE)
Realisation
2021-22 78,000 13,534Year Actual
Revised Estimate (RE)
Realisation
2022-23 50,000 35,294
2023-24 16,507
2024-25 10,163
There is no specific target
for disinvestm ent receipts 15,563
2025-26
(as on
18.03.2026)
Fixing separate disinvestment targets has been discontinued since the Revised Estimate (RE)
of FY 2023-24. However, Rs. 30,000 crore, Rs.33,000 crore, Rs.33,837 crore and Rs. 80,000
crore kept under Miscellaneous Capital Receipts for RE 2023-24, RE 2024-25, RE 2025-26
and BE 2026-27 respectively, which includes estimated receipts on account of management
of equity investments and public assets through various mechanisms. Disinvestment is an
ongoing process, and execution/completion of specific transactions hinges upon market
conditions, domestic and global economic outlook, geopolitical factors, investor interest and
administrative feasibility.
(d). The following CPSEs have been privatized in the last ten years through transparent, open
and competitive bidding process:
S. Financial Name of Acquirer
Name of the CPSE /Entity
No Year
2021-22 Air India and its subsidiary AIXL and M/s Talace Pvt. Ltd.
1
AISATS(JV)
2022-23 TATA Steel Long
Neelachal Ispat Nigam Limited (NINL)
2 Products Ltd.
2024-25 M/s. Konoike Transport
Ferro Scrap Nigam Limited (FSNL), a subsidiary
3 Co. Ltd
o f MSTC Ltd.
(e). The Union Budget treats disinvestment proceeds as a part of capital receipts, and these
receipts are used to finance the Government’s total expenditure plan, which includes both
revenue and capital outlays. Hence, there is no official ratio showing exactly what proportion
of disinvestment proceeds went into capital expenditure or debt reduction.
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