BSNL is putting surplus land and buildings up for sale

Vijayawada: Cash-strapped telecommunications giant Bharat Sanchar Nigam Limited (BSNL) announced the sale of its surplus land and buildings across the country. Officials claim that the attempt to monetize plots and buildings, which have become redundant due to the evolution of new technologies leading to miniaturization of equipment, was part of the Government of India’s corporate revival plan.

Chief General Manager of BSNL’s AP Telecom Circle M Seshachalam, while addressing the media here on Friday, said that the AP Circle had already successfully monetized two plots of land in the last financial year – one in Vijayawada and another in Tadepalligudem – earning Rs 40 crore earned.

Currently, 27 plots of land in prominent locations across the country are being offered for electronic auction through the Metal Scrap Trading Corporation (MSTC). Of the 27, three plots are available in Andhra Pradesh.

Elaborating on the land parcels available in the state, the Managing Director said that 6,377 square meters of land with a minimum price of Rs 12.94 crore at Bank Colony in Tuni, 4,180 square meters of land with a minimum price of Rs 11.19 crore at Palakollu and 6,000 square meters of land with a minimum price of Rs 11.02 crore are available for purchase by the people.

The online submission of bids which had already started will close on July 1 and interested parties can visit www.mstcecommerce.com/auctionhome/propertysale/index,jsp or www.bsnl.co.in/opencms/bsnl/BSNL/virtual_dataroom.

The Managing Director appealed to the consortia, government organizations, brokers, industrialists, educational institutions, hospitals, trusts and NGOs to participate in the e-auction to acquire the plots and participate in the revival of BSNL.

For further queries, interested parties can contact 9490100072 on WhatsApp or via email [email protected]