Revival scheme: MTNL, BSNL assets worth Rs 970 crore to be monetised

The Department of Investment and Public Asset Management (DIPAM) has invited bids to monetise six assets of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) at a reserve price of around Rs 970 crore via a new asset monetisation portal.

BSNL properties located in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted for sale at a reserve price of around Rs 660 crore. MTNL assets located in Vasari Hill, Goregaon in Mumbai have been listed 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.