M-cap of 81 listed PSUs has grown 225% under Modi govt: FM

"Repeated claims from the @INCIndia ecosystem and @RahulGandhi in particular that Public Sector Undertakings (PSUs) are being dismantled & are in disarray under the current government are a textbook example of 'Ulta Chor Kotwal Ko Daante,' as the facts reveal a very different picture," FM said on her official Twitter handle.

According to 62 , 12 PSBs, 3 public sector insurance companies, and IDBI Bank have seen their grow by 225%. NIFTY CPSE outperformed NIFTY 500 and NIFTY 50, which have given 27.4% and 22.5% returns, respectively.

Sitharaman added the PSUs have suffered under the Congress-led and were previously neglected. She said that companies such as Hindustan Aeronautics Limited (), have seen a resurgence under the Modi Government.

HAL has delivered multibagger returns of a whopping 1,000% in the last five years

She claimed that PSUs are thriving and benefiting "significantly from the culture of professionalism infused in them along with increased operational freedom". 's focus on capital expenditure has also led to substantial growth in their , her tweet said.

The focus on infrastructure development, power, logistics, etc. has directly benefited PSUs in railways, roads, power, metals, construction, heavy equipment manufacture, etc, she added.

Attacking Gandhi, the FM said that he had "maliciously" attacked HAL, and Contrary to his claims, under PM Modi HAL's market valuation has skyrocketed by 1370% in merely 4 years, rising from Rs 17,398 crore in 2020 to ₹2.5 lakh crore as of May 7, 2024.

"HAL on 31st March 2024 announced its highest-ever revenue of more than Rs 29,810 crore for FY 2023-24 and has a robust order book of over Rs 94,000 crore. These figures hardly suggest a "weakening" institution but rather one experiencing significant fortification," stated FM's twitter post.

Repeated claims from the ecosystem and in particular that Public Sector Undertakings (PSUs) are being dismantled & are in disarray under the current government are a textbook example of 'Ulta Chor Kotwal Ko Daante,' as the facts reveal a very different…

— Nirmala Sitharaman (Modi Ka Parivar) (@nsitharaman)

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