Asset monetisation plans for FY24 ready: Centre banks on roads, mines to meet Rs 1.8 trn goal

The Centre has drawn up a plan to meet the asset monetisation target of Rs 1.8 trillion for the current fiscal, with a robust pipeline of brownfield assets in roads, mining, power, petroleum and ports....

The public sector asset monetisation unlocked capital worth Rs 97,000 crore, 110% of the annual target..

As against its achievement of Rs 22,400 crore (75% of target) in FY22 and Rs 17,300 crore (53%) in FY23, officials expect the achievement could be Rs 50,000-60,000 crore in FY24 as against the target of Rs 43,979 crore..

For the third year in a row, the monetisation of coal and other mining assets is expected to fetch Rs 50,000-60,000 crore in FY24 as against the target of Rs 8,726 crore..

Similarly, prospects are good for the port sector to meet the asset monetisaton goal of Rs 4,377 crore in FY24 as many ports are expecting private investment in additional berths, mechanisation, development of oil jetty, container jetties, O&M of container terminal, etc...

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