BSNL identifying properties for land monetisation

New Delhi: Public sector Bharat Sanchar Nigam Ltd (BSNL) is in the process identifying land parcels all over the country for monetisation, which as per its internal estimate is valued at Rs 20,000 crore in 2018-19.

The state-run telecom major's corporate office has circulated a list of land parcels which are proposed for monetisation through the Department of Investment and Public Asset Management (DIPAM) in the first instance.

Time-bound monetisation of land assets, mobile towers and fibre networks will help BSNL earn some money in these tough times of falling revenues and rising losses.

"The total area of land parcels, which are spread across the country and have in-built structures, buildings and factories, is 32.77 lakh square metres (sq m) and the spareable land parcel is 31.97 lakh sq m," said an earlier BSNL corporate office letter.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in