BSNL seeks fresh Rs 37,000 crore from govt, says additional funds needed for capex and servicing debt

After receiving a bailout package of nearly Rs 70,000 crore in October 2019, state-owned Bharat Sanchar Nigam (BSNL) has again sought Rs 37,105 crore from the government either as a grant or equity.

The company’s chairman and managing director, PK Purwar, has written to the Department of Telecommunications secretary that the company will be requiring capital expenditure of Rs 17,500 crore between the current fiscal and FY24. Further, it needs Rs 19,605 crore during this period for servicing its debt obligations.