BSNL, MTNL narrow losses, reduce liabilities in 2020-21

State-owned telecom firms BSNL and MTNL have narrowed their losses and reduced liabilities in 2020-21, Parliament was informed on Thursday. In a written reply to a question in the Rajya Sabha, Minister of State for Communications Devusinh Chauhan submitted that the loss of BSNL narrowed to Rs 7,441 crore in 2020-21 from Rs 15,500 in 2019-20. MTNL also reported a total loss of 2,554 crore for the last fiscal year, compared to Rs 3,811 crore in 2019-20, Chauhan added.

“The government approved a revival plan for BSNL and MTNL on October 23, 2019, which is under implementation. BSNL and MTNL have turned Ebitda positive during 2020-21,” Chauhan said. Ebitda stands for earnings before interest, tax, depreciation and amortisation.