The government has achieved remarkable success in its disinvestment programme, mobilizing ₹20,000 crore through stake sales via OFS in three public sector companies - 8.08% in Central Bank of India, 2% in Coal India, and 6.01% in NHPC Ltd. According to The Times of India, the Centre has raised a total of ₹18,533 crore through disinvestment and asset monetization, representing approximately 25% of its FY27 target of ₹80,000 crore. This includes ₹6,367 crore from land sales, marking a significant increase from the ₹16,886 crore raised in FY26 compared to ₹10,163 crore in the previous fiscal year. The government had garnered ₹28,420 crore through asset monetization in FY26, with no such receipts recorded before FY26. As per official sources, the Department of Investment and Public Asset Management has set a target of ₹80,000 crore under Miscellaneous Capital Receipts for the current financial year, with the estimate including proceeds from strategic disinvestments as well as asset monetisation initiatives. Despite valuation challenges in the IDBI Bank disinvestment process, the government remains confident that its diversified monetisation strategy will help it meet—and possibly exceed—the ₹80,000-crore target for FY27. The disruptions caused since the West Asia conflict began have prodded the finance ministry towards more fund raising through disinvestment and asset monetisation.
The government's Offer for Sale (OFS) in NLC India Ltd (formerly Neyveli Lignite Corporation), offering up to 3% of its equity stake with a floor price fixed at ₹303 per share, has achieved exceptional market response. According to The Times of India, the OFS saw the issue being subscribed 5.2 times on the opening day on Tuesday, demonstrating strong investor interest in the divestment. The OFS comprises a base offer of 2% of the company's equity equivalent to 2.78 crore shares and an additional 1% green shoe option of 1.39 crore shares in case of oversubscription. The offer will open for non-retail investors on June 9, 2026, while retail investors and eligible employees can participate on June 10, 2026. The floor price represents a discount of about 9.73% compared to the closing price of ₹335.75 per share on the NSE, providing an attractive entry point for investors. As per the DIPAM announcement, 10% of the offer has been reserved for retail investors, ensuring broader participation in the divestment process. Based on the strong subscription, the government stands to raise approximately ₹1,260 crore through the base offer, with potential to reach ₹1,890 crore if the green shoe option is fully exercised.
Earlier on May 25, NLC India had informed exchanges that it has signed a memorandum of understanding (MoU) with Nuclear Power Corporation of India Limited for the formation of a joint venture company to develop nuclear power projects in India. According to the latest announcement, the proposed collaboration will focus on development of 700 MW indigenous pressurised heavy water reactor (PHWR)-based nuclear power projects, along with other power reactor technologies of suitable capacity based on mutually agreed terms. The partnership will also explore investment opportunities in NPCIL's existing and upcoming 700 MW PHWR projects through the proposed JV structure, marking a significant expansion into nuclear energy development for the integrated mining and power generation company.
The resource mobilization assumes significance amid mounting fiscal pressures, with the fertiliser ministry having sought doubling of subsidy in the current fiscal, budgeted at ₹1.7 lakh crore. According to The Times of India, there is additional uncertainty over ship availability and several fertiliser suppliers opting out of the market. The Centre has provided support of over ₹1.2 lakh crore to the oil sector, including excise cuts, to cushion the impact of high crude prices, with oil companies increasing prices and further hikes likely in tranches. The Centre will also have to provide subsidy for cooking gas cylinders as oil companies are incurring losses of around ₹700 crore a day currently. While spending cuts or realignments are not planned at the moment, a senior official ruled out seeking parliamentary nod for additional expenditure during the monsoon session. A clearer picture on the revenue and expenditure front will emerge around mid-July when the first quarter trends are available, with officials stating there is no need to review spending plans as they had factored in global uncertainty when the budget was presented.
Officials said finance minister Nirmala Sitharaman is reviewing the situation and the department of investment and public asset monetisation (DIPAM) and the department of public enterprises have a pipeline not just for the full year but also for the medium term. According to The Times of India, besides IDBI Bank stake sale, where the process is still unclear, most other strategic sale plans have not made much headway. The government's diversified monetisation strategy includes higher dividend payouts from public sector companies and exploration of monetisation of government-owned land assets through instruments such as Real Estate Investment Trusts (REITs). The Union Budget for FY27 has projected receipts of ₹80,000 crore from disinvestment and asset monetisation, more than double the revised estimate of ₹33,837 crore for FY26, forming part of the government's broader disinvestment programme aimed at unlocking value from public sector enterprises while enhancing public shareholding.
