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.

Image Source

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..