Govt achieves 78% of FY27 divestment, asset monetisation target in Apr-Aug

The government has achieved about 78 per cent of the FY27 budgeted disinvestment and asset monetisation target of Rs 80,000 crore within 5 months of the financial year.

The government has raised Rs 55,757 crore so far this fiscal through minority stake sale in 9 PSUs, including the big ticket ones like LIC and Coal India, as well as strategic sale of Indian Medicines Pharmaceuticals Corporation Ltd and remittances from SUUTI.

More than half of the disinvestment proceeds came from the 6.5 per cent stake sale in Life Insurance Corp (LIC) which garnered Rs 31,515 crore.

Further, a 2 per cent share sale in Coal India fetched about Rs 5,542 crore, while a 6.01 per cent stake dilution in NHPC fetched Rs 4,357 crore to the exchequer.

Earlier this week, the government sold 6 per cent stake in Hindustan Copper to raise Rs 3,041 crore.

The other entities in which the government disinvested its stake are Central Bank of India, NLC India, GIC, IRFC, Cochin Shipyard and Hindustan Copper.

Besi