BSNL Loss Expected At Over Rs 14,000 Crore In 2018-19, Says GovernmentNDTV #2018_19July 11, 2019
The revenue of the public sector telecom company is slated to be around Rs 19,308 crore, Telecom and IT minister Ravi Shankar Prasad said in a written reply to the Lok Sabha.
In line with sector trends, BSNL has seen a dip in its revenue after the entry of Reliance Jio in the market in 2016.
Its provisional loss in 2015-16 was Rs 4,859 crore, Rs 4,793 crore 2016-17, and Rs 7,993 crore in 2017-18.
The company’s revenue is pegged at around Rs 19,308 crore for 2018-19, compared with Rs 25,071 crore in 2017-18 and Rs 31,533 crore in 2016-17.
BSNL’s corporate office has circulated a list of land parcels proposed for monetisation through the Department of Investment and Public Asset Management (DIPAM) in the first instance.
Time-bound monetisation of land assets, mobile towers and fibre networks will help BSNL earn some money in these tough times of falling revenues and rising losses.
“The total area of land parcels, which are spread across the country and have in-built structures, buildings and factories, is 32.77 lakh square metres (sq m) and the spareable land parcel is 31.97 lakh sq m,” said an earlier BSNL corporate office letter to its circles seeking their comments.
The enhancement in valuation is based on cost inflation index for FY 2014-15 as 240 and FY 2018-19 as 280.
Some of these parcels are mutated, while some are not, and the status of some of these parcels are freehold and some are on leasehold.
The government is planning a revival scheme for BSNL and MTNL.
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