Was BSNL in profit before 2014?
BSNL, which last reported a net profit around 2007-08, said it realized an operating profit of Rs 672 crore for the financial year 2014-15. In the previous fiscal, it had a loss of Rs 691 crore.
When was the last time BSNL made profit?
BSNL, which was one of the best performing PSUs in the country at one point of time has lost its sheen in the latter half of the 2000s. It continued to make profits until 2008-09. However, since then, BSNL has continuously recorded losses despite the massive growth in the telecommunication industry.
Is BSNL in profit or loss?
The revenue from operations of the company declined by 1.6 per cent to Rs 18,595.12 crore in 2020-21 compared to Rs 18,906.56 crore it reported in 2019-20, the official said. The company had posted a loss of Rs 15,499.58 crore in 2019-20. …
Who is responsible for downfall of BSNL?
This is a PSU that performed well for the first 8-9 years of its operation,” SD Saxena told Financial Express Online. Sinha blamed private telecom players and rigid tendering rules of the government for loss of BSNL’s market share to private companies.
What is the revenue of BSNL?
186 billion INR (US$2.6 billion, 2021)
Bharat Sanchar Nigam Limited/Revenue
Who owns BSNL now?
Government of India
Bharat Sanchar Nigam Limited/Parent organizations
Bharat Sanchar Nigam Limited (d/b/a BSNL) is a government owned telecommunications service provider headquartered in New Delhi, India. It is under the ownership of Department of Telecommunications, Ministry of Communications, Government of India. It was incorporated on 01 October 2000 by the Government of India.
Why is BSNL dying?
A total of 92,300 workers between 50 and 60 years of age retired from service on the same day, cutting down BSNL-MTNL’s national staff strength by almost half. The aim of the VRS plan was to significantly reduce wage costs for the two public sector companies, which have been loss-making for nearly a decade.
Who is owner of BSNL?
What is the revenue of Jio?
Reliance Jio Platform’s net profit rose 23.4 per cent to Rs 3,728 crore in the second quarter of the 2021-22 financial year (Q2FY22) on a year-on-year basis, driven by better customer mix and increase in data consumption. In the corresponding quarter last year, the company had posted a net profit of Rs 3,019 crore.
Do BSNL has 4G?
BSNL (Bharat Sanchar Nigam Limited) has finally got 4G connectivity.
How does BSNL earn?
The telecom secretary also shared information on the amount of money BSNL earns from its core assets that are fibre and tower. BSNL has 68,000 towers, of which 13,000 earn over Rs 1,000 crore per annum in rent, on a gross basis. Besides, it earns about Rs 400 crore per annum by allowing others to use its fibre.