Sterlite Tech says BSNL’s outstanding dues now below Rs 100 cr, expects substantial settlement this year

Data network solutions provider Sterlite Technologies’ receivables from BSNL has come down to less than Rs 100 crore now, and the company is hopeful that substantial part of pending dues will be cleared by the state-owned telco this year, Group CEO Anand Agarwal said. The dues from Bharat Sanchar Nigam Ltd (BSNL) were close to Rs 230 crore at the end of 2018.

“Our dues from BSNL have come down to below Rs 100 crore now…and we believe a large part of it should get paid off within the current calendar year. At one point of time…end of 2018, it was Rs 220-230 crore,” Agarwal told PTI.