Share a new plan to monetise assets within 15 days: Govt tells oil PSUs

The govt has asked state-run oil and gas cos to share a new plan for asset monetisation after the original plan to monetise pipelines through infrastructure investment trusts (InvITs) was shelved

The government has asked public sector oil and gas companies to share a new plan for asset monetisation after the original plan to monetise oil and gas pipelines through infrastructure investment trusts (InvITs) was shelved. The government has asked the companies to share the plan within 15 days, reports Mint.

As per the previous plan, the oil and gas PSUs were likely to transfer some of their pipelines to separate InvITs and sell stakes in those pipelines. 

The oil companies have told the government that their high credit ratings, among the best in the country, will allow them to raise