Government garnered Rs 12,357.49 crore from disinvestment: DIPAM

The government is planning to list 10 more CPSEs and go ahead with strategic sale in a bid to achieve the ambitious disinvestment target of Rs 1.05 lakh crore in the current fiscal, former DIPAM secretary Atanu Chakarborthy had said.

Concept Image

Published : Jul 29, 2019, 6:46 PM IST

New Delhi: The government has so far garnered Rs 12,357.49 crore from disinvestment, official data stated. "During the current financial Year 2019-20 so far Rs 12,357.49 crore has been obtained through disinvestment transactions", said the DIPAM (Department of Investment and Public Asset Management) data.

Last fiscal, the government had realised Rs 84,972.16 crore as disinvestment proceeds against the BE of Rs 80,000 crore during the financial year 2018-19.

It means DIPAM has to mop up Rs 92,642.51 crore in the next eight months.

The government is planning to list 10 more CPSEs and go ahead with strategic sale in a bid to achieve the ambitious disinvestment target of Rs 1.05 lakh crore in the current fiscal, former DIPAM secretary Atanu Chakarborthy had said.

Privatisation of Air India has also slated this fiscal and also a host of strategic sales. The number of listed CPSEs is 59.

The government is also betting big on the ETFs to reach to the higher sell-off target of Rs 1.05 lakh crore. Recently CPSE ETF Further Funds Offer 5 (FFO) clocked highest-ever retail participation and the offer was oversubscribed by five times.

The government had said that the offer was oversubscribed by five times and the government received subscription amount of more than Rs 40,000 crore as against the base issue size of Rs 8,000 crore.

The government exercised greenshoe option, taking offer size to Rs 11,500 crore," Chakraborty had said.
Earlier in the fiscal, the enemy property sale had fetched the government Rs 1,874 crore and RVNL -- a Railway's arm -- had got Rs 466 crore to the DIPAM through IPO.

Last fiscal, the government had realised Rs 84,972.16 crore as disinvestment proceeds against the BE of Rs 80,000 crore during the financial year 2018-19.

It means DIPAM has to mop up Rs 92,642.51 crore in the next eight months.

Privatisation of Air India has also slated this fiscal and also a host of strategic sales. The number of listed CPSEs is 59.

The government had said that the offer was oversubscribed by five times and the government received subscription amount of more than Rs 40,000 crore as against the base issue size of Rs 8,000 crore.

ZCZC
PRI COM ECO ESPL
.NEWDELHI DCM16
BIZ-INDIA-SOLAR
Renewable energy cost in India lowest in APAC region: Report
New Delhi, Jul 29 (PTI) India has emerged as the market leader with the lowest renewable energy cost in Asia Pacific, according to a report by research and consultancy firm Wood Mackenzie.
According to the report, India's levelised cost of electricity (LCOE) using solar photovoltaic has fallen to USD 38 per megawatt hour (MWh) this year, 14 per cent cheaper than coal-fired power.
LCOE represents the average revenue per unit of electricity generated that would be required to recover the costs of building and operating a generating plant during an assumed financial life and duty cycle.
Wood Mackenzie research director Alex Whitworth said India is the second-largest power market in Asia Pacific with installed power capacity of 421 gigawatts (GW) and solar capacity in the country is expected to reach 38 GW this year.
High-quality solar resources, market scale and competition have pushed solar costs down to half the level seen in many other Asia Pacific countries, he added.
The report further said Australia will see solar costs which are already competitive against gas power - breaking through the coal-fired power price barrier.
"Solar LCOE has fallen 42 per cent in the past three years and will reach USD 48/MWh in 2020, beating out all fossil fuel competitors," it said.
The report said while solar costs are falling across the region, the average LCOE for wind and solar in Asia Pacific is still 29 per cent higher than coal-fired power.
By 2030, the report said, renewable power will have a discount to coal-fired power of around 17 per cent on average across the region. Malaysia, Indonesia and Japan will be the only countries with higher renewable LCOE compared to coal.
"We are living through a revolution in the costs of renewable power technology. Lower costs will boost wind and solar generation's share of the power mix from the current 6 per cent to a much higher level in coming years. This will create both opportunities and disruption in the industry," Whitworth said. PTI ABI ABI
ANU
ANU
07291359
NNNN

For All Latest Updates