NEW DELHI : The federal government has redrawn its plan for monetising the excess properties and land belongings of Bharat Sanchar Nigam Restricted—these valued over ₹100 crore are to be dealt with by the division of funding and public asset administration (DIPAM) and the remainder by the division of telecommunications (DoT).
The choice was taken after the sale of non-core belongings of BSNL and Mahanagar Telecom Nigam Restricted obtained a poor response within the first-ever sale of non-core belongings by way of auctions in November 2021.
On Monday, BSNL invited bids for the sale of 13 surplus properties located at prime areas in Andhra Pradesh, Madhya Pradesh, Gujarat, Telangana and Uttar Pradesh. The reserve worth for the second set of properties has been saved between ₹300-350 crore which shall be offered by way of public sale.
A senior official mentioned the modified plan will now contain the Nationwide Land Monetization Company for monetising land or properties of over ₹100 crore.
These underneath ₹100 crore threshold shall be finished by DoT by way of MSTC public sale portal, consistent with the foundations of asset monetisation that have been issued by DIPAM in October 2020.
“Two properties positioned in Hyderabad and Kolkata which have been valued at over ₹100 crore shall be monetised by NLMC and one other two positioned in Bhavnagar valued at ₹40 crore and Rajpura at ₹70 crore, shall be monetised by DoT by way of MSTC. These websites shall be placed on sale once more,” the official mentioned, asking to not be named.
The federal government had put six properties of BSNL and MTNL on the market for a base worth of ₹ 970 crore by way of the MSTC portal in November 2021.
BSNL’s 4 properties have been positioned in Hyderabad, Chandigarh, Kolkata and Bhavnagar at a reserve worth of about ₹660 crore, whereas MTNL belongings positioned in Vasari Hill, Goregaon in Mumbai have been listed at a reserve worth of about ₹310 crore.
Mint had reported in February that the federal government will go for re-bidding of BSNL and MTNL’s non-core belongings because of the lacklustre response.
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Supply: Live Mint