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At current, BSNL has a debt burden of ₹30,000 crore which is among the lowest within the telecom sector.
State-owned telecom agency BSNL has approached the federal government for ₹40,000 crore monetary assist, half of which it wants within the type of sovereign assure to clear short-term debt.
BSNL Chairman and Managing Director P. Ok. Purwar advised PTI that the corporate doesn’t want any extra debt and its enterprise has develop into self-sustainable to help the operations.
“We don’t want any extra debt. We now have requested for ₹20,000 crore sovereign assure to pay again our short-term debt and challenge long run bonds. We are going to want ₹20,000 crore if we have now to arrange 1 lakh node B (cell websites) for cell community rollout,” Mr. Purwar stated.
The BSNL CMD confirmed that he has approached the federal government for the help, which is past the ₹69,000 crore aid package deal that was introduced in 2019.
At current, BSNL has a debt burden of ₹30,000 crore which is among the lowest within the telecom sector.
Mr. Purwar additionally heads MTNL, which is proposed to be merged with BSNL. The federal government has already issued a allow to BSNL to function cell enterprise in Delhi and Mumbai which was earlier managed by MTNL.
The Appointments Committee of the Cupboard on Wednesday prolonged the extra cost of Mr. Purwar as chairman and managing director of loss-making telecom agency MTNL for a interval of 1 yr until October 2022.
The federal government had supplied a mixed revival package deal of about ₹69,000 crore to BSNL and MTNL in October 2019 that has helped each telecom PSUs in narrowing their losses.
In response to official knowledge, losses of BSNL have narrowed to ₹7,441 crore in 2020-21 from ₹15,500 crore in 2019-20. MTNL reported a complete lack of ₹2,554 crore for the final fiscal in comparison with ₹3,811 crore in 2019-20.
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