Govt targets 1.8 lakh crore from PSU listings by fiscal '30

NEW DELHI: The Centre aims to raise nearly Rs 1.8 lakh crore through equity divestment in state run firms led by initial public offers (IPOs) over the next four years as part of the second phase of the national monetisation plan, data released by govt's policy think tank Niti Aayog showed.

The National Monetisation Pipeline (NMP) 2.0, which was unveiled on Monday, showed plans to raise Rs 83,700 crore through partial equity divestment in rail public sector undertakings (PSUs). The mode of monetisation would be through IPOs and follow on public offers (FPOs). "The proceeds from this divestment are expected to be re-invested back in development of rail infrastructure," according to the Niti Aayog document.

In the power sector, the document lays out a plan to raise Rs 31,000 crore through equity dilution of the step down subsidiaries of PSUs which are engaged in generation and renewable energy. Similarly, the plan is to go in for equity dilution of GAIL Gas through IPO of minority stake, which is expected to raise Rs 3,100 crore.