Bharat Sanchar Nigam Limited (BSNL) is reportedly targeting Rs 80 billion through the monetisation of its land and property assets in the current financial year, with the proceeds earmarked for capital expenditure.
BSNL holds a large asset base spread across the country, while Mahanagar Telephone Nigam Limited (MTNL) owns prime properties in Delhi and Mumbai. The monetisation target includes a prime property in Mumbai as well as BSNL residential flats in the city, which have attracted interest from the Income Tax Department.
There are, however, procedural challenges, particularly those related to land ownership and title clearances. The complexity arises from the fact that the land parcels are spread across multiple states and require several approvals before they can be monetised.
