{"id":342367,"date":"2020-03-19T10:58:22","date_gmt":"2020-03-19T05:28:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342367"},"modified":"2020-03-19T10:58:22","modified_gmt":"2020-03-19T05:28:22","slug":"ministry-asks-for-cabinet-nod-to-monetise-pgcil-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ministry-asks-for-cabinet-nod-to-monetise-pgcil-assets\/","title":{"rendered":"Ministry asks for Cabinet nod to monetise PGCIL assets"},"content":{"rendered":"<p>NEW DELHI: The power ministry has moved a cabinet note seeking approval for monetisation of the transmission lines of the Power Grid Corporation of India LtdNSE 1.77 % (PGCIL) through infrastructure investment trust (InvIT). It aims to raise \u20b910,000 crore through this to help boost PGCIL\u2019s spending plan, a senior official, told ET, requesting not to be named.<\/p>\n<p>According to the official, although these are turbulent times, the government is going ahead with those asset monetisation plans that have a definite revenue stream, like the transmission lines. \u201cOnce approved, government will invite bids as it aims to complete the process by middle of this year,\u201d the official said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The power ministry has moved a cabinet note seeking approval for monetisation of the transmission lines of the Power Grid Corporation of India LtdNSE 1.77 % (PGCIL) through infrastructure investment trust (InvIT). It aims to raise \u20b910,000 crore through this to help boost PGCIL\u2019s spending plan, a senior official, told ET, requesting not to be named. According to the official, although these are turbulent times, the government is going ahead with those asset monetisation plans that have a definite revenue stream, like the transmission lines. \u201cOnce approved, government will invite bids as it aims to complete the process [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-342367","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342367"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342367\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}