NLMC identifies nine CPSEs of 3,479 acre for monetisation

30 Mar 2022 CW Team

Nine Central Public Sector Enterprises (CPSEs) have identified 3,479 acres of surplus land area and building assets for monetisation by National Land Monetization Corporation (NLMC).

Minister of Finance, Nirmala Sitharaman, told the media that NLMC is a wholly-owned government entity. Moreover, it has an initial authorised share capital of Rs 5,000 crore and a paid-up share capital of Rs 150 crores for the monetisation of surplus land and building assets.

She said that NLMC would be administered by a Board of Directors, including seven government officials and six non-government or private sector.

The Board will include senior government officials and eminent professionals in real estate, banking, investment banking, construction, legal and related fields.

The CPSEs assets consist of core assets used in the operation of CPSEs and non-core assets in the form of surplus, unused or under-used land and buildings with no clear future and present plan for optimal use.

NLMC will own, hold, manage and monetise land and building assets of CPSEs under closure, and surplus land and buildings of CPSEs under strategic disinvestment. It will also suggest and support the monetisation of surplus land assets of demerged companies holding surplus land and other CPSEs.

The corporation will also identify surplus land and building assets to create an inventory for monetisation in consultation with CPSEs and other government agencies.

The Minister said that asset monetisation would be carried out through a transparent and competitive market-driven process.

Asset monetisation requires a range of specialised skills and expertise, like due diligence, valuation, investment, banking, land management, etc., which is unavailable within the government sector.

NLMC would be a lean organisation and will hire professionals from the private sector. For attracting and retaining experienced professionals from the private sector, the Board will have the flexibility to lay down the criteria for selecting the professionals.

Image Source

Also read: National Infrastructure Pipeline extends to cover 9,335 projects

Nine Central Public Sector Enterprises (CPSEs) have identified 3,479 acres of surplus land area and building assets for monetisation by National Land Monetization Corporation (NLMC). Minister of Finance, Nirmala Sitharaman, told the media that NLMC is a wholly-owned government entity. Moreover, it has an initial authorised share capital of Rs 5,000 crore and a paid-up share capital of Rs 150 crores for the monetisation of surplus land and building assets. She said that NLMC would be administered by a Board of Directors, including seven government officials and six non-government or private sector. The Board will include senior government officials and eminent professionals in real estate, banking, investment banking, construction, legal and related fields. The CPSEs assets consist of core assets used in the operation of CPSEs and non-core assets in the form of surplus, unused or under-used land and buildings with no clear future and present plan for optimal use. NLMC will own, hold, manage and monetise land and building assets of CPSEs under closure, and surplus land and buildings of CPSEs under strategic disinvestment. It will also suggest and support the monetisation of surplus land assets of demerged companies holding surplus land and other CPSEs. The corporation will also identify surplus land and building assets to create an inventory for monetisation in consultation with CPSEs and other government agencies. The Minister said that asset monetisation would be carried out through a transparent and competitive market-driven process. Asset monetisation requires a range of specialised skills and expertise, like due diligence, valuation, investment, banking, land management, etc., which is unavailable within the government sector. NLMC would be a lean organisation and will hire professionals from the private sector. For attracting and retaining experienced professionals from the private sector, the Board will have the flexibility to lay down the criteria for selecting the professionals. Image Source Also read: National Infrastructure Pipeline extends to cover 9,335 projects

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..