BSNL loss widens over 2.5 times to Rs 39,000cr in April-December

State-owned telecom firm BSNL’s loss swelled by over 2.5 times to Rs 39,089 crore during the April-December 2019 period, Minister of State for Telecommunications Sanjay Dhotre has informed Parliament.

The public sector telecom firm had recorded a loss of Rs 14,904 crore in the previous financial year 2018-19.

“BSNL has informed that its total accumulated loss during the current financial year i.e. 2019-20 (upto December 31, 2019) is Rs 39,089 crore,” Dhotre said in a written reply to a query in the Rajya Sabha on Thursday.

The government on October 23 last year approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL, including 4G spectrum allocation and voluntary retirement scheme (VRS).