Centre sets up National Land Monetisation Corporation

02 Feb 2022 CW Team

As per the Economic survey, on Monday, the government has formed a National Land Monetisation Corporation (NLMC) to expedite the monetisation of land and non-core assets of public sector entities.

Yet, Central Public Sector Enterprises (CPSEs) have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs comprising Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL), B&R, Bharat Petroleum Corporation Limited (BPCL), BEML Limited, HMT Ltd, Instrumentation Ltd.

Since, the expected skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had declared establishing a Special Purpose Vehicle (SPV), with capacity and expertise, to conduct the monetisation of the land and other non-core assets efficiently and prudently, in line with international best practices.

In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being included as a 100% Government of India owned entity with an initial authorised share capital of Rs 5,000 crore and subscribed share capital of Rs 150 crore.

Concerning the government's asset monetisation drive, the Survey said there is an aggregate monetisation potential of Rs 6 lakh crore via core assets of the central government over four years from 2021-22 to 2024-25.The leading five sectors comprising railways, roads, power, oil and gas pipelines and telecom estimate for approximately 83% of the aggregate value.

CPSEs have referred 3,400 acres of land and other non-core assets for monetisation, as per the survey. The New Public Sector Enterprise Policy and Asset Monetisation Strategy presented by the government reaffirm its commitment towards privatisation and strategic disinvestment. While the monetisation of core assets is headed by NITI Aayog, the initiative for monetisation of non-core assets has been hitherto driven by the Department of Investment and Public Asset Management (DIPAM). The monetisation of non-core assets envisages unlocking the value of these thus far unused or under-utilised assets and producing returns on the equity that the Government has funded in them.

Image Source

Also read: Nirmala Sitharaman launches National Monetisation Pipeline

As per the Economic survey, on Monday, the government has formed a National Land Monetisation Corporation (NLMC) to expedite the monetisation of land and non-core assets of public sector entities. Yet, Central Public Sector Enterprises (CPSEs) have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs comprising Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL), B&R, Bharat Petroleum Corporation Limited (BPCL), BEML Limited, HMT Ltd, Instrumentation Ltd. Since, the expected skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had declared establishing a Special Purpose Vehicle (SPV), with capacity and expertise, to conduct the monetisation of the land and other non-core assets efficiently and prudently, in line with international best practices. In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being included as a 100% Government of India owned entity with an initial authorised share capital of Rs 5,000 crore and subscribed share capital of Rs 150 crore. Concerning the government's asset monetisation drive, the Survey said there is an aggregate monetisation potential of Rs 6 lakh crore via core assets of the central government over four years from 2021-22 to 2024-25.The leading five sectors comprising railways, roads, power, oil and gas pipelines and telecom estimate for approximately 83% of the aggregate value. CPSEs have referred 3,400 acres of land and other non-core assets for monetisation, as per the survey. The New Public Sector Enterprise Policy and Asset Monetisation Strategy presented by the government reaffirm its commitment towards privatisation and strategic disinvestment. While the monetisation of core assets is headed by NITI Aayog, the initiative for monetisation of non-core assets has been hitherto driven by the Department of Investment and Public Asset Management (DIPAM). The monetisation of non-core assets envisages unlocking the value of these thus far unused or under-utilised assets and producing returns on the equity that the Government has funded in them. Image Source Also read: Nirmala Sitharaman launches National Monetisation Pipeline

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..