MTNL and BSNL assets worth Rs 970 crore are up for sale by the government
Property owned by BSNL in Hyderabad, Chandigarh, Bhavnagar, and Kolkata has been put up for sale at a reserve price of Rs 660 crore.
According to documents posted on the DIPAM website, the government has put real estate assets of state-run telecom firms MTNL and BSNL for sale at a reserve price of roughly Rs 970 crore.
Property owned by BSNL in Hyderabad, Chandigarh, Bhavnagar, and Kolkata has been put up for sale at a reserve price of Rs 660 crore.
MTNL assets at Vasari Hill, Goregaon, Mumbai, have been placed for sale on the Department of Investment and Public Asset Management (DIPAM) website at a reserve price of around Rs 310 crore.
As part of the company’s asset monetization program, MTNL’s 20 flats in Oshiwara have also been placed up for sale.
There are two units of a one-room set, 17 units of a one-bedroom hall and kitchen (BHK), and one unit of a two-bedroom hall and kitchen (BHK). The reserve prices for these properties range from Rs 52.26 lakh to Rs 1.59 crore.
On December 14, an e-auction for MTNL assets will be held.
The asset monetization is part of the Rs 69,000 crore revitalization scheme authorized by the government in October 2019 for MTNL and BSNL.
By 2022, both public sector companies were expected to discover and sell assets worth Rs 37,500 crore.
