BEHAVIOUR OF INVESTMENT RETURNS IN THE DISINVESTMENT ENVIRONMENT: THE CASE OF POWER INDUSTRY IN INDIAN CPSEs

Investment return may be defined as a recital gauge through which profitability of an investment is evaluated. It helps to assess the effectiveness dissimilar investments at particular point time. Hence, on attempt straightforwardly compute income fastidious with respect its cost. The CPSEs in India were set up serve extensive macro-economic objectives fiscal augmentation, independence manufacturing, surfeit equilibrium payments, and managing inflationary deflationary situations. In backdrop our earlier research published IJSSP, USA, vol.10, no.10, 2022, present study behavior returns view their impact disinvestment environment reference power industry Indian during 2010-11 2019-20. On whole, both industries (i.e., generation transmission industry) have generated optimistic earnings all years under cram. Thus, notably drives economy. Though mean decreased marginally, there has been enhancement vocabulary ROCE ROE. For further industry, steps should taken ensure best likely use installed capacity, minimization interest cost effectual utilization inner resources produced by industry. based secondary statistics aggregate level. Besides, considered only accounting measures returns. future carried out micro level i.e., company-wise within each CPSEs.
 Key Words: CPSEs, Disinvestment, Returns, Power Industry, ROA, ROCE,