Govt achieves 78 pc of FY27 divestment, asset monetisation Budget target in Apr-Aug
The government has achieved about 78% of its ₹80,000-crore FY27 disinvestment and asset monetisation target within five months. It has raised ₹62,124 crore so far, led by a ₹31,515-crore LIC stake sale, while the strategic sale of IDBI Bank remains on the table.
The Indian government has achieved 78 percent of its fiscal year 2027 budgeted disinvestment and asset monetisation target of Rs 80,000 crore within the first five months of the financial year. So far, the government has raised Rs 55,757 crore through minority stake sales in nine public sector undertakings (PSUs), including Life Insurance Corp (LIC) and Coal India, as well as strategic sales of Indian Medicines Pharmaceuticals Corporation Ltd and remittances from SUUTI.
Over half of the disinvestment proceeds came from the 6.5 percent stake sale in LIC, which raised Rs 31,515 crore. The government also secured a 2 percent share sale in Coal India, fetching approximately Rs 5,542 crore, and a 6.01 percent stake dilution in NHPC, generating Rs 4,357 crore. Earlier this week, the government sold a 6 percent stake in Hindustan Copper for Rs 3,041 crore.
Other entities in which the government divested included Central Bank of India, NLC India, GIC, IRFC, Cochin Shipyard, and Hindustan Copper. Additionally, Rs 6,367 crore was raised through asset monetisation via InvIT. The government now has capital receipts of Rs 62,124 crore for the fiscal year, which accounts for 78 percent of the full-year disinvestment and asset monetisation budget target.
A strategic sale in IDBI Bank is reportedly under consideration. With concerns over expenditure exceeding budget estimates due to higher energy and fertiliser import bills, the government is accelerating capital receipts efforts in the current fiscal.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
