- Policy
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Government exceeds FY23 RE target of combined disinvestment, dividend mop up
The revised estimates (RE) had pegged receipts from disinvestment and dividend at Rs 93,000 crore. In 2022-23, dividend receipts stood at Rs 58,988.34 crore and disinvestment receipts at Rs 35,293.52 crore. Together, the government has realised Rs 94,281.86 crore as disinvestment and dividend proceeds from CPSEs as on March 31, 2023.
The government's revenue from disinvestment and dividend by the Central Public Sector Enterprises (CPSEs) has exceeded the revised target for this fiscal year, despite deferral of its plan to sell a part of its stake in Hindustan Zinc Ltd (HZL) via the offer for sale (OFS) route to the next fiscal.
The government has realised Rs 94,281.86 crore in FY23, against the revised estimate of Rs 93,000 crore, as dividend proceeds offset the shortfall in the disinvestment revenue, showed the data released by the Department of Investment and Public Asset Management (DIPAM). As of March 31, the dividend receipts touched Rs58,988.34 crore, against the revised estimate of Rs 43,000 crore. However, disinvestment proceeds hit Rs 35,293.52 crore, compared with the target of Rs 50,000 crore, thanks to the move to postpone the OFS plan for HZL.
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