Govt to meet Rs 80,000 crore FY19 disinvestment target: Piyush Goyal

NEW DELHI: Finance Minister Piyush Goyal on Friday said the government was confident of achieving FY19 disinvestment target of Rs 80,000 crore.

In his Budget speech, Goyal said that the government has pursued the public enterprises asset management agenda to make these enterprises accountable to the people.

As many as 57 CPSEs are now listed with total market capitalisation of over Rs 13 lakh crore, he noted.

“We are confident of crossing the target of RS 80,000 crore this year,” he said.

The government has raised Rs 35,100 crore from asset sale so far in FY19.

Three IPOs – that of RITES, IRCON International and Garden Reach Shipbuilders – hit the market during the financial year, while Rs 17,000 crore was raised from third further fund offer (FFO) of CPSE ETF and Rs 8,300 crore from Bharat 22 ETF.

Besides, five companies including BHEL, Cochin Shipyard, Nalco, NLC India and KIOCL announced share buybacks during the year.
While many analysts were expecting the government to fall short of the divest target

The government received over Rs 1 lakh crore from disinvestment proceeds during FY18.