{"id":454542,"date":"2021-12-07T09:22:20","date_gmt":"2021-12-07T03:52:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454542"},"modified":"2021-12-07T10:41:07","modified_gmt":"2021-12-07T05:11:07","slug":"psus-advised-against-taking-over-stressed-private-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/psus-advised-against-taking-over-stressed-private-assets\/","title":{"rendered":"PSUs advised against taking over stressed private assets"},"content":{"rendered":"<p>The government has advised PSUs against taking over private stressed assets or other brownfield projects, saying such buyouts are in contravention to the \u20b96 lakh crore asset monetisation programme.<\/p>\n<p>A senior government official said the PSUs can bid and take over good projects through competitive bidding processes but the proposals will have to be cleared by the disinvestment department.<\/p>\n<p>&#8220;Under the asset monetisation plan, some of the assets that public sector enterprises have can be bundled through various instruments and offered to private sector,&#8221; the official said. &#8220;Companies like Power Grid NSE 1.81 % Corp and NHAI have done that to raise money upfront and use it for capex to be invested in greenfield projects. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has advised PSUs against taking over private stressed assets or other brownfield projects, saying such buyouts are in contravention to the \u20b96 lakh crore asset monetisation programme. A senior government official said the PSUs can bid and take over good projects through competitive bidding processes but the proposals will have to be cleared by the disinvestment department. &#8220;Under the asset monetisation plan, some of the assets that public sector enterprises have can be bundled through various instruments and offered to private sector,&#8221; the official said. &#8220;Companies like Power Grid NSE 1.81 % Corp and NHAI have done that [&hellip;]<\/p>\n","protected":false},"author":40,"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-454542","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\/454542","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=454542"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454542\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}