Centre bets on coal and mineral mining to lead asset monetisation in FY23

FY23 target for Railways slashed 47%, from Rs 57,222 crore projected earlier

After an admirable performance in 2021-22 (FY22), the Centre is sanguine about coal and mineral mining leading its asset monetisation drive in 2022-23 (FY23).

The government has apportioned a target of Rs 33,281 crore from coal and mineral mining for the current fiscal year (FY23) — the highest for any ministry — since policy reforms have enabled greater private sector participation in the sector, said an official.

In FY22, the Ministry of Coal was able to monetise assets worth Rs 40,000 crore, against its monetisation target of Rs 3,394 crore.

While announcing the National Monetisation Pipeline (NMP) in August 2021, the government had