Lok Sabha Question No. 167 (UNSTARRED), answered on 2022-07-18
Subject: NLMC to Monetise Surplus Land of PSUs
Ministry: FINANCE
Asked by: Kavitha Malothu, Venkatesh Netha Borlakunta, Gaddam Ranjith Reddy

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF PUBLIC ENTERPRISES

## LOK SABHA

## UNSTARRED QUESTION No. 167

ANSWERED ON 18.07.2022

## NLMC to Monetise Surplus Land of PSUs

## 167. SHRIMATI KAVITHA MALOTHU: SHRI VENKATESH NETHA BORLAKUNTA: DR. G. RANJITH REDDY:

Will the Minister of Finance be pleased to state:

- (a) whether it is true that the Cabinet has approved for setting up of National Land Monetisation Corporation (NLMC) to monetise surplus land of Public Sector Undertakings (PSUs) and if so, the details thereof;
- (b) whether it is true that land is allotted by respective States for setting up of PSU for their expansion and for other utilisation;
- (c) if so, the basis on which the Union Government would sell such land and earn money for itself;
- (d) whether the Union Government is supposed to hand over such land to the State concerned, if land is in excess or not in use; and
- (e) the details of Central Public Sector Enterprises (CPSEs) in Telangana and the details of surplus land available with each CPSE, CPSE-wise?

## ANSWER THE MINISTER OF STATE FOR FINANCE (DR. BHAGWAT KISHANRAO KARAD)

- (a) The Union Cabinet on 9 th March 2022, approved setting up of National Land Monetization Corporation  (NLMC)  as  a  wholly  owned  Government  of  India  company  with  an  initial authorized share capital of Rs 5000 crore and paid-up share capital of Rs 150 crore to undertake monetization of surplus land and non-core assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.
- (b) to (d): Land has been given by State Governments to the CPSEs through various methodsfreehold, leasehold, etc. Depending on the terms and conditions of allotment of land to the CPSEs, the monetisation of sub-optimally utilized land of CPSEs will be undertaken. As per the guidelines dated 13.12.2021 issued by D/o Public Enterprises (DPE) for implementation of New  Public  Sector  Enterprises  (PSE)  policy  in  non-strategic  sector,  in  respect  of  CPSEs approved for closure, the leasehold land can be returned to the respective state government.
- (e):    As  per  the  information  available  with  DPE  as  on  31.3.2021,  there  are  five  functional CPSEs in the State of Telangana. The details of total land available with these five CPSEs is given in Annexure .

***

Annexure referred to in Part(e) in reply to Lok Sabha Unstarred Question No.167 for reply on 18.07.2022

## Details of total land of operating CPSEs as on 31.3.2021 having Registered Office in the State of Telangana

| Sl. No.   | Name of the CPSE                      |   Freehold Ares (In SQM) |   Leasehold Ares (In SQM) |   Total Area (In SQM) |
|-----------|---------------------------------------|--------------------------|---------------------------|-----------------------|
| 1         | Bharat Dynamics Ltd.                  |                  7980934 |                   2241355 |              10222289 |
| 2         | Electronics Corporation of India Ltd. |                  1467445 |                         0 |               1467445 |
| 3         | Mishra Dhatu Nigam Ltd.               |                  1147246 |                         0 |               1147246 |
| 4         | NMDCLtd.                              |                 23063399 |                   1341142 |              24404541 |
| 5         | NMDCCSR Foundation                    |                        0 |                         0 |                     0 |
|           | Total                                 |                 33659024 |                   3582497 |              37241521 |