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Govt puts on sale MTNL, BSNL assets at base price of Rs 970 crore

The government has listed for sale real estate assets of state-owned telecom companies BSNL and MTNL at a reserve price of around Rs 970 crore.

India TV Business Desk India TV Business Desk
New Delhi Updated on: November 20, 2021 18:45 IST
Govt puts on sale MTNL, BSNL assets worth about Rs 1,100 crore
Image Source : FILE PHOTO/ PTI

Govt puts on sale MTNL, BSNL assets worth about Rs 1,100 crore

Highlights

  • Both the public sector firms were to identify and monetise assets worth Rs 37,500 crore by 2022
  • The e-auction for MTNL assets will take place on December 14

The government has listed for sale real estate assets of state-owned telecom companies Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) at a reserve price of around Rs 970 crore, according to documents uploaded on the Department of Investment and Public Asset Management (DIPAM) website.

BSNL properties located in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted for sale at a reserve price of around Rs 660 crore.

The DIPAM website has listed MTNL assets located in Vasari Hill, Goregaon in Mumbai for sale at a reserve price of around Rs 310 crore. MTNL's 20 flats located in Oshiwara have also been put up for sale as part of the asset monetisation plan of the company.

The flats include two units of 1-room set, 17 units of 1 bedroom hall and kitchen (BHK) and one unit of 2 BHK. Their reserve prices range from Rs 52.26 lakh to Rs 1.59 crore. The e-auction for MTNL assets will take place on December 14.  

The asset monetisation is part of the Rs 69,000 crore revival scheme for MTNL and BSNL which was approved by the government in October 2019.

Both the public sector firms were to identify and monetise assets worth Rs 37,500 crore by 2022.

(with PTI inputs)

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