+
 DIPAM floats tenders to sell six assets of BSNL and MTNL
Technology

DIPAM floats tenders to sell six assets of BSNL and MTNL

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

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

Next Story
Infrastructure Urban

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Next Story
Infrastructure Urban

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Next Story
Infrastructure Urban

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement