DIPAM floats tenders to sell six assets of BSNL and MTNL

22 Nov 2021 CW Team

Starting the non-core asset monetisation process, the Department of Investment and Public Asset Management (DIPAM) floated tenders to sell six assets of state-run telecom firms Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) via its new asset monetisation portal.

The government has registered for sale real estate assets of the telecom firms at a reserve cost of about Rs 1,100 crore, as per the reports.

On November 18, shares of MTNL surged about 15% to Rs 20.70 in their greatest intraday increase since March 10, after it was registered that the government aims to improve the firm. MTNL's shares have so far achieved 30.4% in 2021.

Installed in 1986 by the government, MTNL registered a loss of Rs 653 crore for the July-September quarter, surged by Rs 583 crore, 2020. Its overall debt reached Rs 25,615 crore at the end of the preceding financial year 2020-21.

The sale of non-core assets like land parcels or real estate is being handled by the DIPAM and related to the pipeline of core assets generated for monetisation by the government think-tank NITI Aayog. The plan is to use the unused land parcels of state-owned entities and realise the price.

The initiative is on the lines of the National Monetisation Pipeline (NMP) - where the government plans to monetise underutilised assets but will involve non-core assets.

Infrastructure Urban

19 May 2025

MCD Launches Digital Parking at 8 Locations Across Delhi

The Municipal Corporation of Delhi (MCD) has launched a digital parking system at eight prominent locations across the capital, introducing a tech-driven approach to urban mobility and parking management.The initiative is designed to streamline parking operations, encourage cashless payments, and ensure greater transparency in revenue collection. The pilot rollout has been implemented in busy areas such as Karol Bagh, Lajpat Nagar, Nehru Place (Outer and Inner Ring), Shastri Park, and Kashmere Gate ISBT.Under the new system, four-wheelers will be able to make payments via FASTag, while two-whe..

Infrastructure Transport

19 May 2025

Delhi Plans 21 New Foot Overbridges for Pedestrian Safety

The Public Works Department (PWD) of Delhi has received a proposal to construct 21 new foot overbridges (FOBs) across high-traffic locations in the city, following a review by Chief Minister Rekha Gupta and the Delhi Traffic Police. Ground surveys are now underway to prepare detailed project reports.The initiative aims to improve pedestrian safety and accessibility in key congested areas. Among the proposed sites are Shyama Prasad Mukherjee Marg near Old Delhi Railway Station鈥檚 exit, Shaheed Captain Batra Chowk, the LNJP Hospital in Central Delhi, Ajmeri Gate Chowk, Munja Chowk on Boulevard ..

Infrastructure Transport

19 May 2025

Carnac Bridge to Reopen By 10 June After Delay

Mumbai鈥檚 historic Carnac Bridge, a vital link connecting South Mumbai to the eastern suburbs, is now on course for completion by 10 June 2025, despite recent construction delays.The Brihanmumbai Municipal Corporation (BMC) resumed work after a 15-day setback due to the delayed arrival of essential steel girders. The contractor responsible has been fined Rs 18 million for failing to meet the original delivery deadline of 30 April. Penalties were imposed at Rs 1 million per day from 1 to 2 May, increasing to Rs 2 million per day from 3 to 10 May. To speed up progress, BMC deployed engineers to..