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Informist, Monday, Jun. 8, 2026

 

By Priyasmita Dutta 

 

NEW DELHI - The government has begun disinvestment and asset monetisation on a strong footing in 2026-27 (Apr-Mar), shoring up over 23% of its full year's aim in just over two months of the fiscal itself. The government has collected INR 185.33 billion from miscellaneous capital receipts so far, nearly one-fourth the INR-800-billion target set in the Budget for FY27, data from the Department of Investment and Public Asset Management showed. 

 

The government collected INR 121.66 billion from the stake sale in three public sector enterprises - Central Bank of India, Coal India Ltd., and NHPC Ltd., data showed. It collected INR 22.66 billion, INR 55.42 billion, and INR 43.57 billion from the offer for sale in each of the three enterprises, respectively. 

 

The government also collected INR 63.67 billion from asset monetisation during the first two months of the year. In FY26, the government had collected INR 453.06 billion from stake sales and asset monetisation, beating the revised Budget estimate by INR 115 billion. 

 

This year's trend of robust collection under miscellaneous capital receipts is a positive for the government's finances, which are likely to be squeezed in FY27 owing to a slowdown in tax collection and potential overshooting of expenditure in the wake of the energy crisis due to the war in West Asia. To note, the government's fiscal deficit for April was already under pressure, rising to nearly double the year-ago figure. 

 

The government's fiscal deficit in April was INR 3.62 trillion, accounting for over 21% of the Budget estimate of INR 16.96 trillion for the current financial year, data from the Controller General of Accounts showed last week. The government's revenue deficit for April, at INR 1.824 trillion, was nearly four times higher than INR 490.01 billion a year ago. The sharp rise in the fiscal gap was due to a 24% rise in total expenditure and a 24% drop in revenues.

 

Against this backdrop, the government's miscellaneous capital receipts will come in handy with more OFS already in the pipeline. Monday, the government announced that it will sell upto 3% stake in NLC India Ltd. Based on NLC India's closing stock price on Monday at nearly INR 336 on the National Stock Exchange, down 0.3%, the government can earn upto INR 14 billion from a 3% stake sale. 

 

This progress also assumes importance as the government has seen limited success in disinvestment, having met its target only thrice in the last decade. It has stopped giving a bifurcated target for divestment since FY25.  End

 

Edited by Deepshikha Bhardwaj

 

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