wordpress blog stats
Connect with us

Hi, what are you looking for?

BSNL Reports Rs 7,884 Cr Loss For FY-13; Steps For Revival

State owned telecom operator BSNL has reported a loss of Rs 7,884 crore for the financial year 2012-13 (FY-13). This was BSNL's fourth straight loss making fiscal, although the losses have improved 10.93% from Rs 8,851 crore loss in the previous fiscal FY-12. The telco had last reported a profit in the fiscal FY-09, where it had reported a profit of Rs 575 crore. In subsequent years, it has reported losses of Rs 1,823 crore in FY-10 and Rs 6,384 crore in FY-11. This was disclosed (pdf, Hindi) by Dr Killi Kruparani, Minister of State for Communications and Information Technology in response to a question in the Rajya Sabha. Note that BSNL is not a listed company, unlike the other state owned telco MTNL. While the minister didn't disclose BSNL's revenues for the entire fiscal, Communications & IT Minister Kapil Sibal had earlier mentioned that BSNL had generated total revenue of Rs 19,305 crore for the nine month period ending December 31, 2012. It had reported revenues of Rs 27,933.50 crore in the previous fiscal (FY-12). MTNL Losses: Along with BSNL, Kruparani mentioned that MTNL had reported a net loss of Rs 5,321 crore for the fiscal FY-13, up from Rs 4,110 crore loss in the previous fiscal FY-12, Rs 2,802 crore loss in FY-11, Rs 2,611 crore loss in FY-10 and Rs 211 crore profit in FY-09. Last month, MTNL had reported a loss of Rs 947.1 crore and revenues of Rs 813.5 crore for the quarter ended September 30, 2013 (Q2-FY14). Note that revenues are lower than losses here and this has been the case for…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ