BSNL waiting for NLMC to prepare land asset monetisation strategy

All land properties nominally valued above Rs 100 crore being monetised by NLMC, but it has been slow to formulate a plan; DoT will handle assets of lower value

Government-owned Bharat Sanchar Nigam Limited (BSNL) is waiting for the National Land Monetization Corporation (NLMC), to prepare a strategy for the sale of the large portfolio of land and properties that it owns across the country, and which have been earmarked for auction.

Officials said all properties valued above Rs 100 crore are being monetised by the NLMC, a special purpose vehicle under the Finance Ministry's Department of Public Enterprise. However, the NLMC has been slow to formulate a strategy towards this end, he added.

"The NLMC will create a comprehensive strategy on monetising all land and properties (of BSNL)