BSNL at irreversible loss .. Government action to sell assets ..! | Govt plans to sell BSNL, MTNL assets worth about Rs.1,100 crore

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Renaissance project

Meanwhile, two companies, including state-owned telecom companies MTNL and BSNL, have merged to promote the company. It then implemented a voluntary voluntary retirement plan. However, BSNL companies are still in decline.

Property Sale Plan

Property Sale Plan

The Department of Investment and Public Property Management (DIPAM) has said it will sell real estate assets worth nearly Rs 1,100 crore to struggling state-owned telecom companies MTNL and BSNL.

How many assets

How many assets

The above assets are listed for sale by BSNL-based assets worth about Rs 800 crore in Hyderabad, Chandigarh, Bhavnagar and Kolkata.

MTNL, based in Mumbai’s Wasari Hill, Corelcon, is on the verge of selling assets worth Rs 270 crore.

20 storey building

20 storey building

The property also includes 20 apartments for sale in Oshiwara. These flats include 1 bedroom, hall, kitchen,, 2 bedroom, hall, kitchen with. Its price ranges from Rs 52.26 lakh to Rs 1.59 crore.

When is the auction?

When is the auction?

The auction for MTNL assets will take place on December 14th. It is part of a Rs 69,000 crore revival plan for BSNL and MDNL assets. For this project, studies suggest that Rs 37,500 crore worth of shares of these two companies should be identified and monetized.

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