Business · Companies · 8 hrs ago

NLMC has monetised ₹9,000 crore in PSU assets and targets up to ₹15,000 crore

NLMC has monetised ₹9,000 crore in PSU assets and targets up to ₹15,000 crore

India’s National Land Monetisation Corporation has completed ₹9,000 crore in asset transactions so far this financial year.

The government agency helps sell surplus land and other non-core property held by public sector companies.

It aims to complete another ₹5,000-6,000 crore of transactions in the coming months, bringing the year’s total to about ₹14,000-15,000 crore.

The pipeline includes assets linked to companies such as MTNL, BSNL, HIL and Rashtriya Ispat Nigam.

One planned sale is a 5.119-acre HIL site in Delhi, with a reserve price of about ₹830 crore, which is being offered through an e-auction.

The money from these sales goes to the companies that own the assets.

The agency is also assessing homes and commercial properties in several cities for possible sales.

2 sources

Related

What people are saying

Rohan Chandra ThakurNLMC chief executive
We have already completed a transaction worth ₹9,000 crore in the current financial year, and in the next few months, we will close transactions worth ₹5000- 6,000 crore.
via Economic Times
Rohan Chand ThakurNLMC chief executive officer
These are cases where NLMC has done all the work. It has done the valuation,
via Business Standard