The Centre is targeting land monetisation of over Rs 15,000 crore in fiscal 27 through the National Land Monetisation Corporation or the NLMC, with properties belonging to MTNL, BSNL, RINL, ITI and HIL among assets for sale, as per a government official. The NLMC is a Finance Ministry-owned entity which is tasked with unlocking value from surplus and non-core land, and building, assets held by central public sector enterprises and other central entities.
The FY27 target marks the continued push by the Centre to monetise idle public-sector property and garner funds for companies under debt. The official added that the corporation has completed land monetisation worth around Rs 9,000 crore so far.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
MTNL's land assets are expected to be a major part of the government's monetisation drive. The Centre is targeting additional monetisation of MTNL properties worth Rs 4,000-5,000 crore over the next two years. The proposed monetisation comes as the telecom company continues to carry a substantial debt burden, with outstanding debt of around Rs 10,000 crore currently, according to the official.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
BSNL, RINL, ITI Among Other CPSEs - The Pipeline
Apart from MTNL, land and property assets belonging to Bharat Sanchar Nigam Ltd. (BSNL), Rashtriya Ispat Nigam Ltd. (RINL), Indian Telephone Industries Ltd. (ITI Ltd.) and Hindustan Insecticides Ltd. (HIL) are also expected to contribute to the FY27 monetisation target. This is part of the Centre's broader effort to put underutilised public assets to productive use. Several CPSEs hold land and buildings that are not required for their core operations.
For the government, the exercise is aimed at unlocking capital tied up in non-core properties. For the companies concerned, the proceeds could provide an avenue to reduce debt and strengthen their balance sheets.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
