BSNL clears Rs 1,700 crore in dues to vendors; pays November salaries: CMD

State-owned Bharat Sanchar Nigam Ltd (BSNL) has cleared Rs 1,700 crore of vendors dues, its CMD P K Purwar said on Monday.

The corporation has also made salary payment to its employees for November, Purwar added.

“Payments worth Rs 1,700 crore have been released to our vendors and contractors of BSNL,” he said.

Overall, the outstanding to creditors is Rs 10,000 crore, he added.

“Employee salaries for November too have been released,” he said adding that monthly wage cost stood at about Rs 800 crore.

In October this year, the government approved a Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and giving VRS to employees so that the combined entity turns profitable in two years.