July 25, 2024

GHBellaVista

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.

Expensive Reader,

Business Typical has always strived difficult to present up-to-day facts and commentary on developments that are of desire to you and have wider political and financial implications for the state and the entire world. Your encouragement and consistent opinions on how to increase our presenting have only designed our take care of and dedication to these ideals more powerful. Even in the course of these difficult occasions arising out of Covid-19, we proceed to keep on being committed to holding you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical difficulties of relevance.
We, however, have a request.

As we fight the financial affect of the pandemic, we have to have your support even more, so that we can proceed to give you more good quality written content. Our membership product has viewed an encouraging response from a lot of of you, who have subscribed to our on the net written content. Far more membership to our on the net written content can only help us reach the targets of presenting you even far better and more applicable written content. We feel in free, good and credible journalism. Your support by means of more subscriptions can help us practise the journalism to which we are committed.

Help good quality journalism and subscribe to Business Typical.

Digital Editor