State-owned telco BSNL is expected to turn around, generating net profit in fiscal year 2026-27, with the implementation of the approved revival measures, Parliament was informed on Friday.
Losses of Bharat Sanchar Nigam Ltd (BSNL) were pegged at Rs 3,589 crore in April-September 2022-23 as it clocked an income of Rs 9,366 crore and incurred total expenditure of Rs 12,956 crore, Minister of State for Communications Devusinh Chauhan said in a written reply in Rajya Sabha.
In 2021-22, losses stood at Rs 6,982 crore, against income of Rs 19,052 crore and expenses of Rs 26,034 crore.
"BSNL is expected to generate net profit in financial year 2026-27 with the implementation of the revival package," Chauhan said in reply to another question.
The Cabinet had approved a revival package for both BSNL and MTNL in 2019.
Further, the Union Cabinet on July 2022 cleared a Rs 1.64 lakh crore revival package for BSNL. The revival measures focus on infusing fresh capital for upgrading BSNL services, allocating spectrum, de-stressing its balance sheet, augmenting its fibre network by merging Bharat Broadband Nigam Limited (BBNL) with BSNL.
As part of the Cabinet approval, a capex of Rs 22,471 crore has been approved for BSNL as equity infusion over a period of four years from 2022-23 to 2025-26 through budgetary allocation.
