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

ALSO READ: DoT allocates 5G trial spectrum to MTNL

ALSO READ: BSNL seeks Rs 40,000 crore support from government

Latest Business News

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More