In the fiscal year 2023-24, the Indian government successfully raised $1.98 billion (Rs 16,507 crore) through the sale of stakes in various companies. Additionally, Hindustan Aeronautics Limited (HAL) reported an 11% increase in revenue, declaring a record revenue of ₹29,810 crore for the same period. The government's disinvestment efforts in public sector enterprises garnered Rs 16,507 crore. Furthermore, the fiscal year concluded with a significant achievement in defence exports, marking a first-time record, though the specific figures and the contributions of private versus public sector undertakings were not disclosed.
FY24 ends with a bang! Defence exports cross THIS mark for 1st time - Pvt vs PSU contribution - More gains for stocks? https://t.co/facVFTkWVj
Govt garners Rs 16,507 crore via #PublicSectorEnterprises' #disinvestment in FY'24 https://t.co/X9UjSoYkV2
HAL declares record revenue of ₹29,810 crore for FY 2023-24 https://t.co/ViAlYNXJAN https://t.co/mZqg95vnCQ
Stock In News | HAL FY24 revenue up by 11% @HALHQBLR https://t.co/qGZNxA0gUy
Indian government raises $1.98 billion by selling stakes in companies in 2023/24 https://t.co/vHVd1BbjoW https://t.co/ECUt4Q0zgw