Govt Raises Rs.165.07 Bn from PSUs Disinvestment in FY24

05 Apr 2024 CW Team

The Indian government has garnered a total of Rs.165.07 billion through disinvestment in public sector enterprises during the fiscal year 2023-24. This substantial revenue from stake sales in PSUs reflects the government's efforts to unlock value from its investments and strengthen the country's fiscal position.

The disinvestment proceeds were generated through the sale of government stakes in various public sector enterprises across different sectors. These transactions aimed to promote efficiency, transparency, and accountability in PSU operations while also attracting private sector participation and investment.

The successful disinvestment initiatives undertaken by the government in FY24 signify its commitment to reforms and privatisation efforts aimed at enhancing the efficiency and competitiveness of public sector enterprises. By divesting stakes in PSUs, the government seeks to streamline operations, improve governance, and unlock value for stakeholders.

The revenue generated from PSU disinvestment in FY24 will contribute to the government's fiscal consolidation efforts and support various developmental initiatives across sectors. It provides additional resources for infrastructure development, social welfare programs, and other priority areas crucial for India's economic growth and development.

As the government continues to pursue its disinvestment agenda, stakeholders anticipate further divestment activities in the coming years. These initiatives are expected to drive economic growth, attract investment, and create opportunities for private sector participation in key sectors of the economy.

Infrastructure Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..