Review of Performance of Indian Oil Corporation- Post Disinvestment Scenario

A large number of PSUs were developed across industries, and they have played an important role in the country's overall economic growth of India. But, in the late 1980s, a series of problems in several public enterprises began to emerge. The privatization of public-sector companies was advocated in the New Industrial Policy of 1991. As a result, the government declared in its July 24, 1991, Industrial Policy Statement that it would disinvest a portion of its stake in selected PSEs. For privatization, the government has selected the disinvestment route, which involves selling public-sector shares to the private sector and the general public. Since then so many years have been passed and it is quite interesting to know now whether those objectives are fulfilled or not. The current study aims to investigate this aspect with the help of the performance analysis of IOCL. This research aims to determine the effect of disinvestment on the efficiency of IOCL, a Central Public Sector Enterprise. The findings demonstrate an increase in the company's efficiency using statistical methods such as correlation and t-test.