India Monetizes Assets Worth Rs 3.86 Lakh Cr in 3 Years: Coal Sector Leads
Aug 05, 2024 14:46
The Indian government has monetized assets worth Rs 3.86 lakh crore in the past three years, with the coal sector contributing the most. Learn more about the sector-wise details.
Photograph: Amit Dave/Reuters
New Delhi, Aug 5 (PTI) The government on Monday said assets worth Rs 3.86 lakh crore have been monetised in three years to 2023-24, with a major chunk coming from the coal sector.
"During the period 2021-22 to 2023-24, transactions with aggregate monetisation value of Rs 3.86 lakh crore in terms of accruals or private investment were completed," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.
He also gave sector-wise details of the funds mobilised during the three-year period.
Asset monetisation worth over Rs 1.54 lakh crore happened in the coal sector, followed by roads (Rs 81,556 crore), power (Rs 33,512 crore), mines (Rs 32,651 crore), petroleum and natural gas (Rs 28,587 crore) and railways (Rs 20,417 crore).
Further, assets worth Rs 12,979 crore were monetised in the shipping sector, Rs 9,800 crore in the urban sector, Rs 8,033 crore in warehousing, Rs 2,663 crore in civil aviation and Rs 1,452 crore in telecom.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.