Once India’s leading telecom operator and a Navratna, Bharat Sanchar Nigam Ltd.’s (BSNL) finances now paint a scary picture of a company on critical life support and in the absence of immediate attention, with very little hope of survival.
BSNL’s losses for the last three years already exceed $3 billion at Rs.17,058 crore. This is in spite of the fact that it registered a whopping income of Rs.89,667 crore or $16 billion but outclassed that with an expenditure of Rs.1,07,095 crore or nearly $20 billion, far in excess of this income.
- The Hindu
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