Tag Archives: land assets

One third of BSNL land assets alone is Rs. 65,000 Crores!

31 Monday Jul 2017

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The book value of BSNL’s landed properties are pegged at Rs.975 crore. However, the recent valuation of BSNL’s landed properties reveal that, the value of one third of BSNL’s landed properties alone come to Rs.65,000 crore. These one third landed properties are located in the major cities of the country. The land at New Delhi in which the Corporate Office is located alone is valued at Rs.2,500 crore. This valuation was done as per the new “Indian Accounting Standard”, for which the consultant KPMG was engaged by BSNL. This information was disclosed to the PTI by shri Anupam Shrivastava, CMD BSNL. (Courtesy: BSNLEU website)

Privatisation of PSUs means handing over these large tracts of land of the PSUs to the private corporates for real estate purposes. According to the government, the entire BSNL’s assets are worth only Rs. 975 crores and the selling price will be with this calculation. The corporates will reap huge profit.

But one thing. The united force of the BSNL workers will fight to the last against any privatisation of BSNL! The government could not implement disinvestment in BSNL so far, they could not implement VRS and unbundling of copper cables. If the workers stand united, it will be not easy for the government to implement their anti-national designs.

PSU land assets may be handed over to private companies

29 Monday Dec 2014

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The NDA government is proposing to take over the surplus land of the Central PSUs and hand it over for manufacturing and infrastructure projects to the private companies.

It is estimated that there are about 2.5 lakhs acres of land with the central PSUs all over the country. Coal India Limited and Steel Authority of India with 7 lakh and 1.5 lakh acres respectively have the maximum land assets. BSNL has got 14,000 acres. But all these are not surplus and are being used by the PSUs. But there may be some surplus land. The government has called for the details of the land assets of the PSUs to find out how much is the land assets and how much is the surplus.

This is another step to destabilise the PSUs. The government may want to sell the surplus land, but even before any such policy is chalked out, it has started selling land. The Telegraph Place in Gole Market area, where the quarters are allotted to BSNLEU and also to R.III Union(NFPE) of Department of Posts,  has been sold to the Jharkhand Government, even without intimating the Department of Posts, BSNL or MTNL, all of who have got staff quarters there. Only because of the stay granted by the Delhi High Court, the place could not be taken over by the Jharkhand Government.

In such a situation, even the land assets being currently used by the PSUs may be taken away and sold by the government to please the corporates by selling these assets in the centre place of cities at cheap rates. The loss is for the PSUs and the government and the benefit is for the corporate and big business as also the ruling parties.

The Management of the PSUs and the Unions should take care to protest and safeguard the assets of the nation.  The people has got a right to know what is happening to their assets.

BSNL proposes to encash its land assets.

31 Friday Jan 2014

Posted by in BSNL News, Telecom, TU News - Telecom specific

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It is reported that BSNL is proposing to monetise its land assets in Mumbai and Delhi and other parts of the country to make up for the loss of last four years and for development and expansion. Immediately the proposal is with regard to the 37 acres in Borivali, 6.63 acres in Santa Cruz, 25.5 acres in Deonar (all in Mumbai) and 1.48 acres in Sector -33, Noida and 0.84 acres in Sector-18 Noida (all in Delhi). BSNL projects to use these for housing and commercial purposes.
According to the reports, the assets of the BSNL land all over India comes to about Rs. 13,500 crores. (This can not in any way be correct. BSNL has land all over India, in all places in the centre of the towns/cities. The land value will be more than 10 times more than this at the least).
The question is how these lands will be used? Whether lease it or sell it? Or whether develop by BSNL and rent it?
We are of the strong opinion that these issues should be discussed with the recognised unions/Forum of BSNL Unions/Associations, before embarking on the project. The pros and cons of the entire project is to be decided and if it is to be implemented, it has also to be ensured that it has to be done in a very transparent way to avoid corrupt practices.