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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.

Delhi HC directs MTNL, BSES to remove hanging cables for Chandni Chowk redevelopment project

Delhi HC directs MTNL, BSES to remove hanging cables for Chandni Chowk redevelopment project ANI | Updated: Jan 12, 2021 15:23 IST New Delhi [India], January 12 (ANI): The Delhi High Court on Tuesday directed the Mahanagar Telephone Nigam Limited (MTNL) and BSES (formerly known as Bombay Suburban Electric Supply) to comply with the nodal officers plea to remove the hanging cables and wires required for Chandni Chowk redevelopment project. The court also warned that if the concerned authorities do not follow the direction, then it will initiate contempt proceedings against them. A Division Bench of Justices Vipin Sanghi and Rekha Palli s was hearing nodal officers plea seeking to remove wires and cables that are hanging in the Chandni Chowk and interfering in the project of a beautification project.

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.

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