Land and other immovable assets of five sick public sector units including HMT Watches and Hindustan Cables have been put on sale as the government looks to shut the continuously loss-making units. State-owned construction firm NBCC (India) Ltd is auctioning the assets, which will be sold only to central and state government organisations. Land parcels… Read More »
State-run real estate firm NBCC (India) Limited has kicked off the biggest land monetisation drive in the country, writing to 74 loss-making public sector companies to seek details of spare land available with them so that a plan can be drawn up. “The land bank with these firms is estimated to be around 2.5 lakh… Read More »
The government will engage state-run construction company NBCC India Ltd to monetise around 771 acre of prime land held by erstwhile VSNL, a company that the government had sold to the Tata group in 2002 as part of its asset-sale programme. The land assets of VSNL, however, were not part of the strategic sale. The… Read More »