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Page 44 - பாரத் சஞ்சார் நீகம் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BSNL, MTNL Post Operating Profit within A Year of Revival Package

BSNL, MTNL Post Operating Profit Within A Year of Revival Package BSNL, MTNL Post Operating Profit Within A Year of Revival Package While for BSNL, EBITDA rose from minus Rs. 3,596 crore for the half-year ended in September 2019 to positive Rs. 602 crore, for MTNL the corresponding figures were minus Rs. 549 crore in September 2019, and the current figure, positive Rs. 276 crore. The Union Cabinet had approved the revival package for BSNL/ MTNL in October 2019 BSNL s growth in income and ability to contain expenditure in salary, administrative, employee remuneration and other benefits, helped in growing EBITDA to Rs 3,855 crore in 2015-16 from Rs 672 crore in 2014-15, under Union Minister Ravi Shankar Prasad, and now after few troubled years and a revival package, BSNL is once again back on the track of profitability, according to an official release.

Within A Year Of Govt s Revival Plan, BSNL And MTNL Turn EBITDA Positive; Expected To Cut Losses By 50 Per Cent In FY21

Within A Year Of Govt s Revival Plan, BSNL And MTNL Turn EBITDA Positive; Expected To Cut Losses By 50 Per Cent In FY21 BSNL and MTNL are overstaffed, overburdened, and plain and simply uncompetitive and unviable. Within a year of government s approving the revival package, the state-owned Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) have turned EBITDA positive in first 6 months of the ongoing financial year, Ministry of Communications said in a statement on Monday (11 January). While for BSNL, the earnings before interest, taxes, depreciation, and amortization (EBITDA) rose from minus Rs 3596 crore for half year ended in September 2019 to positive Rs 602 crore, for MTNL the corresponding figures were minus Rs 549 crore in September 2019, and the current figure is positive Rs 276 crore.

BSNL, MTNL turn EBITDA positive in first half of FY21: Telecom Department

State-owned telecom companies BSNL and MTNL turned EBITDA positive in the first half of financial year 2020-21, DoT said on Monday. The Department of Telecom (DoT) also said that the process for spectrum allocation for 4G services to Bharat Sanchar Nigam Ltd (BSNL) on pan-India basis, including Delhi and Mumbai, has been initiated and funds have been provisioned in FY2020-21. Summing up the developments in the sector in its year-end review for 2020, the DoT in a release said that overall 92,956 employees of both the public sector companies (PSUs) who opted for Voluntary Retirement Scheme (VRS) have retired on January 31, 2020.

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