India's government plans to raise ₹1.79 lakh crore through public sector unit IPOs by fiscal year 2030. The ambitious monetisation initiative spans railways, power, petroleum, aviation, and coal sectors as part of a broader four-year strategy to unlock $183.7 billion in state assets. Railway companies alone could generate ₹83,700 crore, with ₹17,000 crore targeted in the upcoming fiscal year. Power subsidiaries, Coal India units, and renewable energy assets from NLC India will also hit markets. The Airports Authority plans stake sales in one subsidiary and four joint venture airports. GAIL Gas is scheduled for listing in 2027-28 to raise ₹3,100 crore. This represents India's second phase of asset monetisation, following the first phase which raised ₹5.3 lakh crore by 2024-25, though below the initial ₹6 lakh crore target.
