Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India”

Authors

  • Sumeet Gupta Dr. Sumeet Gupta Senior Associate Professor Head- Center for Infrastructure & Project Finance, Research and Development Centre College of Management and Economic Studies UNIVERSITY OF PETROLEUM & ENERGY STUDIES Energy Acres ,P.O Bidholi Via - Prem Nagar Dehradun -248007 (Uttarakhand) Ph: 0135- 2776091,2776093,2776095, 2102690, 91, 2694257, 201, 203 Extn: 201, Fax : 0135 - 2694204 Mobile : +91 7895617071,9536220716,9319899684 Email : sumeetgupta@ddn.upes.ac.in, sumeetbgh2007@gmail.com
  • Sharad Srivastava

DOI:

https://doi.org/10.1956/jge.v12i3.437

Keywords:

Pre Disinvestment, Post Disinvestment, Liquidity

Abstract

Disinvestment of minority share of PSU have become one of the important medium of raising revenue for the government. The government wanted to reduce its fiscal deficit by doing disinvestment of public sector enterprise. It is believed that operating performance and efficiency of Public sector enterprise gets improved after the post disinvestment period. There are many public sector enterprise whose financial performance got improved after the disinvestment.

The prime focus of the study is to examine:

  • Why there is a need for disinvestment of public sector enterprise      such as ONGC and IOCL.
  • The impact of disinvestment on the financial and operating      performance on pre disinvestment as well as on post disinvestment period.

 In this study financial performance will be measured e.g.  Profitability ratio, efficiency ratio, liquidity ratio, & leverage and ratio for perspective investor. The financial performance will be used to access whether there is any impact of disinvestment on company’s performance of Oil and Natural Gas Corporation Ltd. & Indian Oil Corporation Ltd.  

Author Biographies

Sumeet Gupta, Dr. Sumeet Gupta Senior Associate Professor Head- Center for Infrastructure & Project Finance, Research and Development Centre College of Management and Economic Studies UNIVERSITY OF PETROLEUM & ENERGY STUDIES Energy Acres ,P.O Bidholi Via - Prem Nagar Dehradun -248007 (Uttarakhand) Ph: 0135- 2776091,2776093,2776095, 2102690, 91, 2694257, 201, 203 Extn: 201, Fax : 0135 - 2694204 Mobile : +91 7895617071,9536220716,9319899684 Email : sumeetgupta@ddn.upes.ac.in, sumeetbgh2007@gmail.com

Dr. Sumeet Gupta Senior Associate Professor Head- Center for Infrastructure & Project Finance, Research and Development Centre

Sharad Srivastava

Research Scholar

References

• www.divest.nic.in
• www.ongc.com
• www.iocl.com
• www.moneycontrol.com
• www.scribd.com
• http://www.bsepsu.com/arguments-disinvestment.asp
• http://articles.economictimes.indiatimes.com/2013-08-25/news/41446056_1_9-33-crore-shares-stake-sale-ntpc-ofs
• http://www.capitalmarket.com/CMEdit/SFArtDis.asp?SFSNO=763&SFESNO=7
• http://www.thehindubusinessline.com/markets/stock-markets/lic-picks-up-377-cr-shares-in-ongc/article2963336.ece

Published

2016-09-24

How to Cite

Gupta, S. and Srivastava, S. (2016) “Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India””, Journal of Global Economy, 12(3), pp. 205–214. doi: 10.1956/jge.v12i3.437.

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