Home / Companies / News / 5,400 acres of land parcels of PSUs may be monetised through new SPV

5,400 acres of land parcels of PSUs may be monetised through new SPV

These would be land of state-owned units under divestment and those that the Centre has decided to shut

Premium

3 min read Last Updated : Mar 28 2022 | 6:04 AM IST

In a bid to push monetisation of non-core assets, the Centre has identified about 5,400 acres of land parcels of public sector undertakings (PSUs) such as BEML, Shipping Corporation of India (SCI), Bharat Sanchar Nigam (BSNL) and MTNL, among others.

These are being proposed to be monetised through the new National Land Monetisation Corporation (NLMC).

The soon-to-be operational specialised entity for monetisation of land parcels would look at ways to monetise these large land parcels identified by various PSUs.

The land parcels include those of BSNL and MTNL that the Centre was looking to auction through the department of investment and

Topics : PSUs BSNL Shipping Corporation of India

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in