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    Non core asset monetisation begins: Six BSNL, MTNL properties put up for bidding

    Synopsis

    The government is likely to auction more assets of PSUs after the current round. It will use the MSTC platform for selling non-core assets of PSUs, which will be coordinated by DIPAM.

    Untitled-8
    The government has also identified several projects belonging to the central government under the Rs 6 lakh crore National Monetisation Pipeline.
    Six properties of state-owned telecom carriers Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have been put up for bidding on the MSTC portal, as the government has begun monetisation of non-core assets through auction.

    The Department of Investment and Public Asset Management (DIPAM) is conducting the auction. "Non-core asset monetisation commences with the first set of six properties of BSNL/MTNL bid out on the MSTC portal," DIPAM secretary Tuhin Kanta Pandey tweeted on Saturday. ET had first reported about the government's plan in this regard in March.

    According to the declaration issued on the auction portal, four properties belonging to BSNL and two belonging to MTNL have been put up for sale.

    The asset monetisation is part of the ₹68,000-crore revival package for loss-making telecom public sector enterprises MTNL and BSNL.

    Untitled-7Agencies

    MTNL provides telecom services in Delhi and Mumbai, while BSNL provides services across the country except for these cities.

    MTNL had identified assets including 36 acres of land in areas such as Vasai Hill, Mulund and Simpholi in Mumbai, shop-cum-office complexes in Delhi and residential quarters in Noida, which will be monetised in the first phase.

    Others in Line
    The government is likely to auction more assets of PSUs after the current round. It will use the MSTC platform for selling non-core assets of PSUs, which will be coordinated by DIPAM.

    Assets of other PSUs such as BEML and Shipping Corporation of India may follow as carve-out of their non-core assets has been made part of the preliminary information memorandum issued for strategic disinvestment.

    The government has also identified several projects belonging to the central government under the Rs 6 lakh crore National Monetisation Pipeline.



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