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BSNL, MTNL Sell Assets Worth ₹1,375 Crore Till October, But May Miss FY25 Target
The New Indian Express Kottayam
|March 15, 2025
The State-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telecom Nigam Limited (MTNL) have generated ₹1,375 crore through asset monetization as on October 31, 2024, against a target of ₹2,200 crore for FY25.
Meeting this target will be difficult this year, according to a Department of Telecommunications (DoT) official, as the asset sale process has not progressed as swiftly as anticipated.
The DoT official attributed the limited success of BSNL and MTNL in monetizing their property to legislative hurdles and the need for permissions from state governments and local bodies.
The target was set by the Controller General of Communication Accounts (CGCA) in consultation with NITI Aayog for the monetization of assets from all sources.
Meanwhile, in a statement to the Lok Sabha, Minister of State for Communications, P.C. Sekhar revealed that BSNL had earned ₹2,387.82 crore and MTNL ₹2,134.61 crore as of January 2025, through the monetization of land and building assets since 2019.
The minister clarified that both PSUs are only monetizing land and building assets that are not required for their operational needs in the foreseeable future.
Dit verhaal komt uit de March 15, 2025-editie van The New Indian Express Kottayam.
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