Government identifies assets of major state-owned companies for monetization
The government has identified key assets of major Public Sector Undertakings (PSUs) like National Highways Authority of India (NHAI), Airports Authority of India (AAI), National Thermal Power Corporation (NTPC), Indian Oil Corporation (IOC), GAIL, Hindustan Petroleum is of. Corporation Limited (HPCL) and several others for monetization between 2022-2025 under its National Monetization Pipeline (NMP).
Some other PSUs whose assets have been identified for monetization include Mahanagar Telephone Nigam Limited (MTNL), Bharat Sanchar Nigam Limited (BSNL), NHPC, Food Corporation of India (FCI) and Neyveli Lignite Corporation.
According to sources in the Finance Ministry, under the NMP, the core infrastructure facilities of these selected PSUs have been identified through this programme, the government is planning to boost their finances, which will mainly take about two financial years. has been badly affected due to the coronovirus epidemic. ,
While the government has ended the route of selling its stake in major PSUs, the NMP is designed to offer assets belonging to blue chip state-owned entities on rent to private entities, through which by 2025 The goal is to raise funds.
This is called “unlocking value”, which will result in revenue generation for the government, for which it has started identifying assets from these PSUs.
The NMP, announced by Finance Minister Nirmala Sitharaman in August this year, expects to raise Rs 6 lakh crore by monetizing the operating assets of the central government over a period of four years ending 2025.
The NMP is designed to unlock the value of investing in brownfield public sector assets by harnessing institutional and long-term capital. Therefore, government-owned roads, railways, power plants, gas pipelines, airports, seaports, warehouses, etc. will be leased to non-government entities for a specified period.
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