July 25, 2024


Imagination at work

Non-core asset monetisation: Govt invites bids to sell 6 BSNL, MTNL assets

Kicking off the non-main asset sale physical exercise, the Office of Expense and Public Asset Management (DIPAM) has invited bids to sell six property of Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Phone Nigam Ltd (MTNL) by means of its new asset monetisation portal.

“Non main (sic) asset monetisation commences with the very first set of six qualities of BSNL/ MTNL bid out on the MSTC portal,” DIPAM Secretary Tuhin Kanta Pandey tweeted.

The governing administration is scheduling to sell land parcels worth more than Rs 600 crore in the very first period by means of the new on the net bidding system, Business Typical experienced described previously. This will be the very first sale of property by means of the new e-bidding system designed by point out-run MSTC.

Sale of non-main property these as land parcels or actual estate of more than Rs one hundred crore is remaining managed by DIPAM, and is related to the pipeline of main assets created for monetisation by the NITI Aayog. The idea is to place idle land parcels of point out-owned entities to use, and realise their price. The exertion is on the traces of the Nationwide Monetisation Pipeline (NMP) — exactly where the governing administration aims to monetise underutlised property), but would only consist of non-main property. Not like the NMP, in circumstance of PSUs’ land sale, the possession of property will be transferred.

The governing administration is looking to monetise land parcels worth Rs ten,000 crore by means of the new e-bidding platform, Business Typical experienced described previously. The pipeline of land property has been geared up immediately after conversations with consultants appointed by DIPAM, which consist of CBRE South Asia, Deloitte Touche Tohmatsu India, Boston Consulting Team, JLL Assets Consultants (India), Knight Frank India, among other people.

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