BSNL is going to formalise its ownership of several real estate assets which are transferred during its inception, by the telecom department. BSNL is tring to unlock the value of its assets for improving its valuation in the run-up to a possible listing in early 2012.
Reference: http://articles.economictimes.indiatimes.com/2011-07-01/news/29726270_1_bsnl-telecoms-land-assets
Reference: http://articles.economictimes.indiatimes.com/2011-07-01/news/29726270_1_bsnl-telecoms-land-assets