Preparation to raise Rs 5,000 crore through asset monetization
According to media reports, the government has a plan for monetization of CGD and Green Hydrogen. There is a plan to raise Rs 5,000 crore through asset monetization.
Central Government Public Sector GAIL (GAIL) is planning for monetization through city gas distribution and green hydrogen. According to media reports, the government has a plan for monetization of CGD and Green Hydrogen. There is a plan to raise Rs 5,000 crore through asset monetization. The government has stopped the InvIT plan for the GAIL pipeline. Transaction advisors have advised to avoid the InvIT route. The Ministry of Finance and Oil has been advised to avoid the InvIT route.
According to advisors, GAIL has a positive debt-equity ratio of 0.1 per cent. Raising money from the market is cheaper than the InvIT route. GAIL’s pipeline monetization was announced in the budget. There was a plan of Rs 6,000 crore from pipeline monetization.
plan to raise Rs 5000 crore
The entire strategy of asset monetization of GAIL has been changed. The Petroleum Ministry has said in its proposal that instead of GAIL’s pipeline monetization, its other assets should be monetized. The Petroleum Ministry has said that GAIL’s city gas distribution should be monetised. Also monetization of its green hydrogen can be done. Through this, the government can raise Rs 5,000 crore.
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Source: www.tv9hindi.com
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