Centre pushes states to monetise transmission assets through a proposed tax-efficient model as India readies for a massive grid expansion requiring Rs 9.1 lakh crore by 2032.
Sources familiar with the matter said the government views a public InvIT as a critical tool to broaden market participation, reduce dependence on budgetary support and strengthen NHAI’s ability to recycle capital.
After raising Rs 248 crore in FY25 through asset monetisation, debt-laden RINL targets additional land sale to kick-start a revival. Proceeds from the asset sales will go to RINL and not to the Centre, it is learnt.
Coal and roads outperform targets, while Railways lags with over 81 percent shortfall. NITI Aayog is revamping its approach for the second NMP (2025–30) with a Rs 10 lakh crore target.
The record numbers indicate renewed confidence in the coal sector as the Indian government seeks to ensure energy security for the country through thermal power till the time firm renewable energy becomes affordable.
After the railways missed the target by a huge Rs 1.23 lakh crore for 2022-2025 and many other ministries raising issues on how these targets were set, the government is now taking a new approach for 2025-30 to improve accuracy and accountability.
The asset sale process is under way and has a deadline of March 2026 but this could be missed due to state-level hurdles, say officials
As part of its funding strategy, HAL may monetise a portion of its five-acre land parcel in Delhi. According to a government official, the land could be valued at around Rs 300–400 crore.
The new framework ties dividend policy, market trends and asset valuation to optimise stake sale decisions in CPSEs
A slew of factors such as lack of interest from the private sector, absence of an independent regulator and stringent regulations have weighed on the Railways' asset monetisation efforts.
Railway Minister Ashwini Vaishnav told reporters on July 23 that out of the total budget allocation Rs 1.08 lakh will be used to boost railway safety in 2024-25.
Railway stocks like RVNL, IRFC, Ircon International, RailTel Corporation of India, and Texmaco Rail & Engineering fell around 1-5 percent after FM Sitharaman's Budget Speech concluded on July 23
Karnataka State Electronics Development Corporation is also planning to establish tech parks and centres of excellence as part of the Beyond Bengaluru cluster programme.
As India charts its course towards a 'Viksit Bharat' by 2047, Kant sheds light on infrastructure-led growth as key pillar for sustained economic progress.
The move to not borrow from the market comes in the backdrop of the central government increasing its Budgetary allocation to Indian Railways to Rs 2.52 lakh crore, which is 5 percent higher when compared to 2023-24.
The government's plan to include under construction projects in the InvIT may increase risk for investors. However, on the flip side, a higher quantum of such projects can be more rewarding for them as well, experts say.
Discussions with SEBI for launching the NHAI's first public InvIT are in advanced stages. The Ministry of Road Transport and Highways, NHAI and the National Highways Infra Trust are considering two routes and are discussing both with SEBI
With interest rates moving up, valuations of HAM assets are turning more attractive
PNC Infratech is said to be in discussions to sell 12 road assets to KKR's roads platform, Highways Infrastructure Trust, for an EV of about Rs 9,000 cr. Nomura says if the deal goes through, the rerating of the stock to 12 times PE is likely. Swastika sees strong likelihood of stock hitting all-time high of Rs 395.
“In the coming fiscal, we expect disinvestment to remain quite, quite modest. Whether the government can sort of move forward on the privatisation of two public sector banks, will be a challenge, especially in an election year,”
With the transfer now completed, the state-run power generator is planning to offload 10 per cent to 20 per cent stake in NGEL, a senior NTPC official said.
Indian Railways missed its asset monetisation target in 2021-22. This is likely to be repeated in 2022-23 as well, when against a target of Rs 57,000 crore, it will likely raise only around Rs 20,000 - 25,000 crore.
Asset monetisation is being done by government entities and the money goes to them, and they use it to invest it further, says the secretary to the department of economic affairs under the finance ministry
IRFC’s financials are strong and it has enough money to continue operations in 2023-24, the railway minister said.