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BSNL lists 13 properties on MSTC website for auction

BSNL said that besides 13 properties listed for sale, there are more properties in the pipeline and will be put to auction soon.

November 14, 2022 / 09:44 PM IST

State-run telecom firm BSNL has partnered with MSTC to auction 13 surplus properties situated at prime locations in five states, the company said on Monday.

The company has invited bids by December 5 for sale of 13 properties in Andhra Pradesh, Madhya Pradesh, Gujarat, Telangana and Uttar Pradesh, BSNL said in a statement.

"BSNL has entered into an agreement with MSTC for online sale of properties through MSTC portal," the public sector telecom firm said.

Loss-making BSNL had identified 14 properties worth Rs 20,160 crore and submitted the list for sale to the Department of Investment and Public Asset Management (DIPAM) as part of the telecom corporation's ambitious asset monetisation plans.