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BSNL records marginal decline in loss during 2017-18 as compared to 2016-17: Telecom Minister

August 02, 2018
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According to the Telecom Minister, Manoj Sinha, Bharat Sanchar Nigam Limited (BSNL) posted a marginal decline in losses during 2017-18 as compared to the losses recorded in 2016-17. The losses fell from Rs 47.86 billion in 2016-17 to Rs 47.85 billion in 2017-18. However, the company’s income took a hit as it fell from Rs 315.33 billion in 2016-17 to Rs 278.18 billion in 2017-18.

Further, the Telecom Minister stated that since BSNL has incurred losses for the last three years, therefore it has been declared as 'Incipient Sick' as per the guidelines of Department of Public Enterprises (DPE). Additionally, an action has also been started by the Department of Telecommunications (DoT) for reviving BSNL.

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