The recommendations were made at the 21st meeting of NLMC’s board of directors on September 18, where the corporation reviewed the progress of its asset monetisation programme, financial performance and institutional initiatives, the Ministry of Finance said in a release.
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The proposals cover surplus land and buildings identified for monetisation and are aimed at advancing the government’s broader objective of unlocking value from underutilised and surplus assets held by government entities.
At the meeting, the board reviewed NLMC’s engagement with Central Public Sector Enterprises (CPSEs) and other government entities to identify suitable assets, conduct due diligence, undertake valuations and structure the monetisation process.
The board stressed the need to accelerate implementation, address procedural and other requirements and ensure that identified assets move ahead through appropriate and transparent mechanisms.
It also called for stronger coordination with stakeholder entities to maintain momentum and facilitate the timely monetisation of surplus assets.The latest recommendations mark another step in NLMC’s efforts to build a more structured process for monetising surplus public assets. The corporation works with ministries, departments, CPSEs and other government entities to identify, assess and facilitate the monetisation of assets that are no longer required or remain underutilised.
The Ministry of Finance said NLMC’s approach is centred on transparency, efficiency and value realisation, with the corporation supporting asset-owning entities through the identification, assessment and monetisation process.
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The board also approved NLMC’s annual financial statements and directors’ report for the financial year 2025-26.
NLMC will continue working with asset-owning entities to facilitate the identification, assessment and monetisation of surplus assets through appropriate mechanisms, the ministry said.
The corporation is a wholly owned Government of India company under the administrative control of the Department of Public Enterprises, Ministry of Finance. Its mandate is to undertake and facilitate the monetisation of surplus land and building assets held by CPSEs and other government entities.
The latest move comes as part of the government’s broader asset monetisation programme, which seeks to unlock economic value from existing public assets while creating a more systematic framework for their assessment and monetisation.