Infrastructure ministries list assets for monetisation
ECONOMY & POLICY

Infrastructure ministries list assets for monetisation

The government is planning to monetise assets under various ministries to meet the target of raising around Rs 2.5 lakh crore through asset sales and has listed eight ministries for the programme so far, which include—road transport and highways, power, petroleum and natural gas, telecom, sports, shipping ports and waterways, civil aviation, and railways.

Sources told the media that alongside these core sector assets, the plan includes:

Divestment of the equity stake of Airports Authority of India (AAI) in the joint ventures that operate the Delhi, Mumbai, Bangalore and Hyderabad airports.

Awarding 150 passenger trains to private players.

Leasing out stadiums such as the Jawaharlal Nehru Stadium in the national capital.

The Niti Aayog is in the process of preparing a National Monetisation Pipeline for FY21-24 and has asked ministries to identify and share information on the assets to be included in the pipeline. A core group of secretaries for asset monetisation met last month to discuss the shortlist of assets identified for monetisation in 2021-22.

While the government has been planning asset sale for over two years now, Finance Minister Nirmala Sitharaman presented the broad contours of the asset monetisation pipeline in the budget for 2021-22.

Other than these, eight ministries and several others may be included to undertake the asset monetisation exercise. Some potential ministries that may be included are the Ministry of Coal, Ministry of Mines, Ministry of Tourism and the Ministry of Housing and Urban Affairs.

Asset Monetisation Plan

Ministry

Target (Rs in crore)

Asset Details

Telecom

Rs 40,000 

Telecom assets of BSNL, MTNL and Bharatnet

Road Transport and Highways

Rs 30,000 

Road length of over 7,000 km

Railways

Rs 90,000 

50 stations, 150 private passenger trains


Civil Aviation

Rs 20,000 

13 airports of AAI AAI's stake in Delhi, Mumbai, Bangalore and Hyderabad airports

Shipping, Ports and Waterways

Rs 4,000 

Over 30 berths

Power

Rs 27,000 

Transmission assets of Power Grid

Petroleum and Natural Gas

Rs 17,000 

Pipelines of GAIL, IOCL and HPCL

Youth Affairs and Sports

Rs 20,000 

Sports stadia

Image Source


Also read: Understanding the asset monetisation push

Also read: Union Cabinet clears new divestment policy

The government is planning to monetise assets under various ministries to meet the target of raising around Rs 2.5 lakh crore through asset sales and has listed eight ministries for the programme so far, which include—road transport and highways, power, petroleum and natural gas, telecom, sports, shipping ports and waterways, civil aviation, and railways. Sources told the media that alongside these core sector assets, the plan includes: Divestment of the equity stake of Airports Authority of India (AAI) in the joint ventures that operate the Delhi, Mumbai, Bangalore and Hyderabad airports. Awarding 150 passenger trains to private players. Leasing out stadiums such as the Jawaharlal Nehru Stadium in the national capital. The Niti Aayog is in the process of preparing a National Monetisation Pipeline for FY21-24 and has asked ministries to identify and share information on the assets to be included in the pipeline. A core group of secretaries for asset monetisation met last month to discuss the shortlist of assets identified for monetisation in 2021-22. While the government has been planning asset sale for over two years now, Finance Minister Nirmala Sitharaman presented the broad contours of the asset monetisation pipeline in the budget for 2021-22. Other than these, eight ministries and several others may be included to undertake the asset monetisation exercise. Some potential ministries that may be included are the Ministry of Coal, Ministry of Mines, Ministry of Tourism and the Ministry of Housing and Urban Affairs.Asset Monetisation PlanMinistryTarget (Rs in crore)Asset DetailsTelecomRs 40,000 Telecom assets of BSNL, MTNL and BharatnetRoad Transport and HighwaysRs 30,000 Road length of over 7,000 kmRailwaysRs 90,000 50 stations, 150 private passenger trainsCivil AviationRs 20,000 13 airports of AAI AAI's stake in Delhi, Mumbai, Bangalore and Hyderabad airportsShipping, Ports and WaterwaysRs 4,000 Over 30 berthsPowerRs 27,000 Transmission assets of Power GridPetroleum and Natural GasRs 17,000 Pipelines of GAIL, IOCL and HPCLYouth Affairs and SportsRs 20,000 Sports stadia Image Source Also read: Understanding the asset monetisation push Also read: Union Cabinet clears new divestment policy

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement