BSNL: Telecom Ministry refuses to consider any plan for stake sale

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New Delhi: The government has made its intention clear regarding the stake sale of loss-making state-run telecom company BSNL. The Central Government has said that at present no consideration is being given to the disinvestment of Bharat Sanchar Nigam Limited (BSNL). This information has been given to the Parliament by the Telecom Ministry.

Replying to a question in the Lok Sabha on Wednesday, Minister of State for Telecom Devusinh Chouhan said that there is no plan for disinvestment of BSNL as of now. DMK MP DM Kathir Anand had asked the government whether BSNL assets would be taken into account for disinvestment. In response to this, Chauhan gave this answer. The DMK MP had also sought data from the Telecom Ministry on the immovable properties of the state-run company across the country including buildings, land, towers and telecom equipment. According to the information given by the ministry, BSNL has 3,266 buildings, 1,388 telecom towers and satellites, 21,042 telecommunication equipment and 686 non-telecom equipment in all circles across the country.

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increasing losses

Once one of the country’s leading telecom companies, the loss of this government company has been increasing continuously for the last few years. In the financial year 2020-21, the consolidated loss of BSNL was Rs 7,441.11 crore. Due to this, there was a loss of Rs 15,499.58 crore in the last financial year i.e. 2019-20, which was Rs 15,000 crore in 2018-19. Whereas in the financial year 2017-18, the company had shown a loss of Rs 7,993 crore. The company had come up with VRS (Voluntary Retirement Scheme) only in view of the increasing losses and the decrease in business. 78,569 employees of BSNL took VRS, due to which the losses came down in 2020-21.

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increase in debt

The debt of the company is also increasing continuously. In the last financial year (2020-21), the company had a debt of Rs 27,033.6 crore. It stood at Rs 21,674.74 crore in 2019-20. The total assets of the company have also come down from Rs 59,139.82 crore to Rs 51,686.8 crore.

Tags: BSNL, Company, Disinvestment, Telecom business

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