The earlier plea of the government that the only the loss making PSUs are being sold, is now abandoned. Whether the PSU is profitable or not, it is going to be sold today or tomorrow. The design of the government is very clear that all the PSUs, along with their land, will be handed over to the private corporates. There is no difference whether they are connected with the security of the nation, whether they are public services or in any most important sector.
The latest information is that the profitable Hindustan Latex ( HLL Lifecare Limited ), a Mini Ratna company, is being sold with 100% disinvestment. It has a net revenue of 1,127 crores and profit of Rs. 31 crore in 2015-16. This PSU has been profitable for continuously and situated in Kerala.