The valuation of land held by Public Sector Undertakings (PSUs) is done as per the provisions contained in the Companies Act, 2013 and relevant Accounting Standards and amendments issued thereunder from time to time. The same norms are being followed by the PSUs under the Department of Heavy Industry.
PSUs are free to get their assets including land, assessed at current market value as per accounting standards while accessing bank finance on the basis of their net worth.
Powered by Capital Market - Live News
