How Shri P.K. Purwar, CMD BSNL, justifies the transfer of BSNL's lands at throw-away price to the SPV?

Today’s ET Telecom has carried a write up about the press statement issued by BSNLEU, wherein the union has alleged that BSNL’s lands are being transferred to the SPV, at throw-away price. Responding to the report, Shri P.K. Purwar, CMD BSNL has refuted the allegation of the Union. He has stated that, "such allegations are baseless and incorrect since the valuation has been done on indicative basis for the purpose of preparation of cabinet note.

In it's press release, BSNLEU has clearly pointed out that, in the year 2013 itself, the Kerala government had paid Rs.15 lakh per cent, for buying land from BSNL's RTTC, at Thiruvananthapuram. Whereas, after 9 long years, the BSNL Management has assessed the price of 1 cent land of RTTC,Thiruvananthapuram at Rs.10 lakh. It is upto Shri P.K. Purwar, CMD BSNL, to justify how a land sold at Rs.15 lakh per cent in 2013 can be valued at Rs.10 lakh per cent in 2019.