Coal Ministry targets asset monetisation worth around Rs 550 bn in FY25

02 Apr 2024 CW Team

The Union Ministry of Coal revealed its aim to monetize assets worth Rs 547.21 billion in the financial year 2025, representing a 9% increase from the target set in FY24, which was Rs 501.18 billion. In response to a query received via email, the coal ministry stated, "The projected target concerning the asset monetization plan for FY 24-25 is Rs 547.21 billion. In FY 2023-24, asset monetization amounted to Rs 551.48 billion until February 2024, surpassing the NITI Aayog target of Rs 501.18 billion."

The primary methods for asset monetisation for the ministry would involve commercial auctions of mines and the development of mines through the 'mining developers and operators' (MDO) model. The ministry engages third-party MDOs, including private entities, in coal mines through global tenders. The individual stated, "The target for FY25 is expected to surpass that of FY24. It is likely to be comfortably achieved, similar to the current fiscal year (FY24). Auctions and MDOs, where mines of public sector companies are allocated to an MDO for development, will be the main avenues for monetisation."

In 2020, the government initiated the commercial mining of coal by private entities and has thus far auctioned 91 mines. However, the interest among private firms in acquiring mines has gradually waned over the years, with many companies having already met their captive requirements. Efforts have been made by the government to render coal mining and the auction process more appealing.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..