Industry

‘BSNL, MTNL losses, liabilities shrank in FY21’

Representational image.   | Photo Credit: Shiv Kumar Pushpakar

State-owned telecom firms BSNL and MTNL have narrowed their losses and reduced liabilities in 2020-21, Parliament was informed.

In a written reply to a question in the Rajya Sabha, Minister of State for Communications Devusinh Chauhan submitted that the losses of BSNL narrowed to ₹7,441 crore in 2020-21 from ₹15,500 crore in 2019-20.

MTNL reported a total loss of ₹2,554 crore for the last fiscal year compared with ₹3,811 crore in 2019-20, Mr. Chauhan added.

“The government approved a revival plan for BSNL and MTNL on October 23, 2019, which is under implementation. BSNL and MTNL have turned Ebitda positive during 2020-21,” Mr. Chauhan said.

The government had offered a combined revival package of about ₹69,000 crore to BSNL and MTNL.

The data shared by Mr. Chauhan showed total liabilities of BSNL had come down to ₹81,156 crore in 2020-21 from ₹87,618 crore in 2019-20. MNTL’s total liabilities had fallen to ₹29,391 crore (₹30,242 crore).


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Printable version | Sep 28, 2021 2:07:22 AM | https://www.thehindu.com/business/Industry/bsnl-mtnl-losses-liabilities-shrank-in-fy21/article35754400.ece

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