New Delhi, July 30 (KNN) The valuation of land held by Public Sector Undertakings (PSUs) is done as per the provisions contained in the Companies Act, 2013 and relevant Accounting Standards and amendments issued thereunder from time to time, Parliament was informed.
 
The same norms are being followed by the PSUs under the Department of Heavy Industry, Minister of State in the Ministry of Heavy Industries and Public Enterprises, G M  Siddeshwara said in a written reply in Rajya Sabha today. 

PSUs are free to get their assets including land, assessed at current market value as per accounting standards while accessing bank finance on the basis of their net worth. (KNN Bureau)