<h1>Government Boosts Returns with Strategic Divestment and IPOs in CPSEs, Raises Significant Revenue through Share Sales.</h1> In 2023, the Department of Investment and Public Asset Management (DIPAM) focused on value creation and strategic divestment in Central Public Sector Enterprises (CPSEs). The NSE CPSE and BSE CPSE Indices showed significant returns of 160.49% and 128.66%, respectively. DIPAM launched an IPO for the Indian Renewable Energy Development Agency, raising Rs. 858.36 crore. Through the Offer for Sale route, the government divested shares in companies like HAL and Coal India, realizing Rs. 10,860.91 crore. Dividend receipts from CPSEs reached Rs. 59,533 crore in FY 2022-23. Strategic disinvestment plans include entities like IDBI Bank and Shipping Corporation of India.