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mtnl: Govt calls bids for six MTNL, BSNL properties

NEW DELHI: The Centre has began the method of auctioning non-core belongings of the 2 loss-making state-run telecom firms, BSNL and MTNL.
The Division of Funding and Public Asset Administration ( Dipam) has invited bids on the MSTC portal for six properties of BSNL and MTNL, kick-starting the non-core asset monetisation of the 2 struggling telecom PSUs.
The 2 firms, which have failed to indicate any credible turnaround regardless of being given a large Rs 70,000-crore revival package deal a while again, personal huge land belongings throughout the nation value hundreds of crores. The federal government will, nonetheless, begin the sale technique of a few of these belongings in a phased method. There may be the problem of land use that will put restrictions on utilising the land for non-telecom functions. Aside from land financial institution, the federal government had beforehand additionally mentioned monetising the tower belongings of BSNL and MTNL, although not a lot headway appears to have been made.
The Centre unveiled a Rs 6 lakh crore asset monetisation plan over the subsequent 4 years. Property which have been recognized embrace roads, energy transmission and era, fuel pipelines, warehousing, railways, telecom, 25 airports, 31 initiatives in 9 main ports, coal and mineral mining, sports activities stadia, redevelopment of colonies.
Solely brownfield belongings will likely be thought-about; land has been not noted. The highest 5 sectors embrace: roads (27%), adopted by railways (25%), energy (15%), oil & fuel pipelines (8%) and telecom (6%). Roads and railways collectively account for 52% of a complete NMP worth, based on the federal government information.

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