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Updated: September 21, 2011 22:24 IST

BSNL loss triples to Rs.6,000 crore

Special Correspondent
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Bharat Sanchar Nigam Ltd. (BSNL) has reported a loss of around Rs.6,000 crore in 2010-11, which is up three times compared to Rs.1,822 crore reported in 2009-10, while its total revenues also declined to Rs.28,876 crore, a dip of around 10 per cent from Rs.32,072 crore.

According to unaudited results of BSNL, the loss for 2010-11 stood at Rs.5,997 crore, mainly due to hefty outgo on employees' salary and expenses borne by the government-owned telecom firm for procuring 3G and BWA spectrum. BSNL paid Rs.18,500 crore for getting 3G and BWA licenses. Notably, BSNL had reported the highest net profit of over Rs.10,000 crore in 2005-06.

Keywords: BSNL lossVRS scheme

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