Non-core asset sale: Bidding of BSNL land assets fails to garner interest

DIPAM asks its property consultants to identify issues in criteria; bidding likely to take place again

The first ever auction of non-core assets through the Department of Investment and Public Asset Management’s (DIPAM) asset monetisation portal has failed to garner adequate response for land assets of Bharat Sanchar Nigam Ltd (BSNL) that was expected to garner at least Rs 470 crore. The DIPAM has asked its property consultants to identify issues in the bidding criteria that can be resolved.

In November 2021, the DIPAM had listed six properties of BSNL and MTNL for sale through its new e-bidding portal for asset monetisation portal developed by state-run MSTC. Monetisation of MTNL and BSNL assets was also part