MTNL starts ₹23,000 crore asset monetisation through DIPAM

NEW DELHI : State-run telecom firm MTNL has started the process to monetise assets worth ₹23,000 crore as it aims to turn profitable in the next fiscal year, a top official of the company said on Thursday.

The company has already submitted plans to the Department of Investment and Public Asset Management (DIPAM) to monetise ₹6,200 crore worth assets that include 36 acres of land bank in Mumbai, shops-cum-offices in Delhi, and residential quarters in Noida etc.

“We have identified assets worth ₹23,000 crore that can be monetised. These are all prime properties in Mumbai and Delhi. We have submitted plans to monetise ₹6,200 crore worth of assets to DIPAM.