Govt sells MTNL, BSNL assets worth around Rs 1,100 crore
Highlight
- Both the public sector firms were to identify and monetise assets worth Rs 37,500 crore by 2022
- MTNL properties to be e-auctioned on December 14
According to documents uploaded on the Department of Investment and Investment, the government has listed immovable property properties of state-owned telecom companies Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) at a reserve price of around Rs 970 crore. . 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 properties located in Vasari Hill, Goregaon, Mumbai for sale at a reserve price of approximately Rs 310 crore. MTNL’s 20 flats located in Oshiwara have also been put up for sale as part of the company’s asset monetization plan.
The flats consist of two units of 1 room set, 17 units of 1 bedroom hall and kitchen (BHK) and one unit of 2 BHK. Their reserve price ranges from Rs 52.26 lakh to Rs 1.59 crore. The e-auction of MTNL properties will be held on December 14.
The asset monetization is part of the Rs 69,000 crore revival plan for MTNL and BSNL that 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 input)
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