Assets worth Rs 3.86 Tn monetised in 3 years to FY24

09 Aug 2024 CW Team

The government announced that assets worth Rs 3.86 lakh crore had been monetised in three years up to 2023-24, with a significant portion originating from the coal sector. Minister of State for Finance Pankaj Chaudhary stated in a written reply to the Lok Sabha, "During the period 2021-22 to 2023-24, transactions with an aggregate monetisation value of Rs 3.86 trillion in terms of accruals or private investment were completed."

He further provided sector-wise details of the funds raised during the three-year period. Asset monetisation exceeding Rs 1.54 trillion occurred in the coal sector, followed by roads (Rs 815.56 billion), power (Rs 335.12 billion), mines (Rs 326.51 billion), petroleum and natural gas (Rs 285.87 billion), and railways (Rs 204.17 billion).

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..