Disinvestment, asset monetisation receipts top ₹59,000 crore in FY27

The government's combined receipts from disinvestment and asset monetisation rose above its revised target in 2025-26, with the Centre collecting ₹45,306 crore through the two channels, Parliament was informed on Monday. The mobilisation was significantly higher than the ₹33,837 crore budgeted under Miscellaneous Capital Receipts in the Revised Estimates for the year.

Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha that the government realised ₹45,306.05 crore in FY26, comprising ₹16,885.56 crore from disinvestment and ₹28,420.49 crore from asset monetisation. The figures highlight the government's continued reliance on sales of stakes in public sector companies and monetisation of public assets to generate non-tax capital receipts.

FY27 collections gain momentum

The pace of mobilisation has accelerated sharply in the current financial year. The government has set a target of ₹80,000 crore under Miscellaneous Capital Receipts for FY27, and has already realised ₹59,083 crore, according to the minister.

Of the amount collected so far this fiscal, around ₹6,367 crore has come through asset monetisation, while ₹52,716 crore has been raised through disinvestment. The current-year figure means the government has already achieved nearly three-fourths of its annual target under the category.

The disinvestment proceeds have come through Offer for Sale transactions involving Central Bank of India, Coal India, Life Insurance Corporation (LIC), NHPC, NLC India, General Insurance Corporation of India, Indian Railway Finance Corporation and Cochin Shipyard. The government has also raised funds through the strategic disinvestment of Indian Medicines Pharmaceutical Corporation Ltd.

Disinvestment receipts show uneven trend

The latest figures also show that annual disinvestment receipts have fluctuated considerably over the past five years, reflecting the timing and scale of government stake sales.

Disinvestment receipts stood at ₹16,886 crore in FY26, up from ₹10,163 crore in FY25. However, the figure remains below the ₹16,507 crore collected in FY24 and significantly lower than the ₹35,294 crore realised in FY23. In FY22, disinvestment receipts stood at ₹13,534 crore.

The government's broader capital-receipts strategy combines outright stake sales with asset monetisation, allowing it to unlock value from public-sector holdings and existing infrastructure assets. The strong start to FY27 suggests that disinvestment is likely to remain a key contributor to the Centre's non-tax revenue mobilisation strategy, even as the government seeks to meet its full-year ₹80,000-crore target.