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BSNL starts indentifying land parcels for monetisation purposes

Thursday, 11 July 2019
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Bharat Sanchar Nigam Limited (BSNL) is in the process of identifying land parcels across the country for monetisation. As per BSNL’s internal estimates, the land parcels were valued at Rs 200 billion in 2018-19.

To this end, BSNL has circulated a list of land parcels which are proposed for monetisation through the Department of Investment and Public Asset Management (DIPAM) in the first instance.

This list of land parcels includes its factories at Mumbai, Kolkata, West Bengal, Ghaziabad, Jabalpur and wireless stations, as well as other offices and staff colonies.

Given that the state run operator has been facing falling revenues and rising losses, time-bound monetisation of land assets, mobile towers and fibre networks is expected to help BSNL meet expenditure needs.

 
 
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