Govt to begin PSU asset monetisation with MTNL
04 Mar 2021
2 Min Read
CW Team
The Government has identified real estate and land assets of telecom services provider Mahanagar Telephone Nigam Ltd (MTNL) to start the public sector undertaking (PSU) asset monetisation programme.
As per a report, MTNL's assets identified for sale will be auctioned through the online e-bidding platform set up by MSTC.
MTNL had identified assets including 36 acres in areas like Mulund, Vasai Hill, and Simpholi in Mumbai, shop-cum-office complexes in Delhi and residential quarters in Noida, which will be monetised in the first phase.
The Centre is developing a platform through MSTC for selling non-core assets of PSUs, which will be coordinated by the Department of investment and public asset management (DIPAM).
The asset monetisation programme is a part of the Rs 68,000 crore revival package for loss incurring telecom PSUs such as Bharat Sanchar Nigam Ltd (BSNL) and MTNL.
4th Indian Cement Review Conference 2021
17-18 March
MTNL, which provides telecom service in Mumbai and Delhi, reported a loss of Rs 641 crore in the October-December quarter of the current financial year.
The government may look at land assets of BSNL for sale if the MTNL assets auction becomes successful. Other PSUs such as Shipping Corporation of India and Bharat Earth Movers Ltd (BEML) may follow as carve out of their non-core assets has been made part of the preliminary information memorandum issued for strategic disinvestment, as per media sources.
In the case of state run companies not being divested, the government moves towards carving out non-core assets or de-merging and selling them to generate revenue for capital expenditure, reduce debt and improve efficiency.
DIPAM has advocated that the Central Public Sector Enterprises (CPSEs) should include asset monetisation and market capitalisation improvement in their memorandum of understanding (MoU) with respective ministries.
Also read: Understanding the asset monetisation push
Also read: Govt to divest holdings in defence PSUs
Also read: Centre may match states鈥� divestment receipts
The Government has identified real estate and land assets of telecom services provider Mahanagar Telephone Nigam Ltd (MTNL) to start the public sector undertaking (PSU) asset monetisation programme.
As per a report, MTNL's assets identified for sale will be auctioned through the online e-bidding platform set up by MSTC.
MTNL had identified assets including 36 acres in areas like Mulund, Vasai Hill, and Simpholi in Mumbai, shop-cum-office complexes in Delhi and residential quarters in Noida, which will be monetised in the first phase.
The Centre is developing a platform through MSTC for selling non-core assets of PSUs, which will be coordinated by the Department of investment and public asset management (DIPAM).
The asset monetisation programme is a part of the Rs 68,000 crore revival package for loss incurring telecom PSUs such as Bharat Sanchar Nigam Ltd (BSNL) and MTNL.4th Indian Cement Review Conference 202117-18 March Click for event info
MTNL, which provides telecom service in Mumbai and Delhi, reported a loss of Rs 641 crore in the October-December quarter of the current financial year.
The government may look at land assets of BSNL for sale if the MTNL assets auction becomes successful. Other PSUs such as Shipping Corporation of India and Bharat Earth Movers Ltd (BEML) may follow as carve out of their non-core assets has been made part of the preliminary information memorandum issued for strategic disinvestment, as per media sources.
In the case of state run companies not being divested, the government moves towards carving out non-core assets or de-merging and selling them to generate revenue for capital expenditure, reduce debt and improve efficiency.
DIPAM has advocated that the Central Public Sector Enterprises (CPSEs) should include asset monetisation and market capitalisation improvement in their memorandum of understanding (MoU) with respective ministries.
Image Source
Also read: Understanding the asset monetisation push
Also read: Govt to divest holdings in defence PSUs
Also read: Centre may match states鈥� divestment receipts
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
