New Delhi: Public sector Bharat Sanchar Nigam Ltd (BSNL) isin the process identifying land parcels all over the country for monetisation,which as per its internal estimate is valued at Rs 20,000 crore in 2018-19. Thestate-run telecom major's corporate office has circulated a list of landparcels which are proposed for monetisation through the Department ofInvestment and Public Asset Management (DIPAM) in the first instance.

Time-bound monetisation of land assets, mobile towers andfibre networks will help BSNL earn some money in these tough times of fallingrevenues and rising losses."The total area of land parcels, which arespread across the country and have in-built structures, buildings andfactories, is 32.77 lakh square metres (sq m) and the spareable land parcel is31.97 lakh sq m," said an earlier BSNL corporate office letter to its circlesseeking their comments.

"The fair value of spareable parcel as on April 1,2015, is Rs 17,397 crore and the estimated present fair value of these lands isRs 20,296 crore. The enhancement in valuation is based on cost infltaion indexfor FY 2014-15 as 240 and FY 2018-19 as 280.

"The valution of these land parcels is proposed to bedone along with the structures lying in the parcel after the in-principleapproval for sale or long tem lease by the government. The cost of buildingshas not been included in the Fair Value of land parcels", it added.