BSNL narrows loss to Rs 7,441 crore in FY2021

New Delhi: State-run telecom firm BSNL has narrowed its consolidated loss to Rs 7,441.11 crore in the financial year ended on March 31, 2021, according to an official. The company had posted a loss of Rs 15,499.58 crore in 2019-20.

“The loss has come down mainly due to reduction in employee wages on account of voluntary retirement opted by 78,569 employees,” a BSNL official said.

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 outstanding debt of the company increased to Rs 27,033.6 crore in FY2020-21 from Rs 21,674.74 crore in FY2019-20.