MTNL Approves Sale Of BKC Housing Asset To NABARD

19 Dec 2025 CW Team

State-owned telecom operator Mahanagar Telephone Nigam Limited (MTNL) has approved the sale of its residential property in Mumbai’s Bandra Kurla Complex (BKC) as part of its asset monetisation strategy. The decision was cleared by the company’s Board of Directors through a circular resolution dated 15 December 2025 and disclosed under Regulation 30 of the SEBI (LODR) Regulations, 2015.

MTNL will sell the property to the National Bank for Agriculture and Rural Development (NABARD) for a total consideration of Rs 3.51 billion. The transaction will be executed through a government-to-government transfer or a direct sale.

The asset, known as GN Block, BKC Quarters, comprises 28 residential units. It is spread across a plot area of 2,680 square metres and has a built-up area of 4,019.02 square metres. The property is located at MMRDA Plot No. R-4, BKC, Bandra (East), Mumbai.

According to MTNL, the sale has been approved in line with the Presidential Approval granted on 17 July 2020 under Article 69(f) of the company’s Articles of Association for asset monetisation. The transaction has also received clearance from the Alternative Mechanism on 11 November 2025 for the proposed sale to NABARD.

Under the terms of the agreement, NABARD will bear the stamp duty, registration charges and other incidental costs associated with the transfer. MTNL will settle all outstanding dues related to the property prior to completion and will pay the NLMC fee in accordance with the Letter of Understanding dated 29 June 2025.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..