State-owned telecoms company BSNL is expected to turn around and turn a net profit in fiscal 2026-27 with the implementation of approved revitalization measures, Parliament was informed on Friday.
losses of Bharat Sanchar Nigam Limited (BSNL) were tied to Rs. 3,589 crore in April-September 2022-23 as it generated an income of Rs 9,366 crore and caused total expenses of Rs. 12,956 crore, Minister of State for Communications Devusinh Chauhan said in a written response in Rajya Sabha.
In 2021-22, losses amounted to Rs. 6,982 crore against revenue of Rs. 19,052 crore and expenditure of Rs. 26,034 crore.
“BSNL is expected to be net profitable in fiscal 2026-27 on the implementation of the revival package,” Chauhan replied to another question.
Cabinet had approved a revival package for both BSNL and MTNL in 2019.
In addition, the Union Cabinet released a Rs in July 2022. 1.64 lakh crore revival package for BSNL. The revitalization efforts focus on injecting fresh capital to upgrade BSNL services, allocating spectrum, decongesting the balance sheet and expanding the fiber network through the merger of 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 an equity infusion over a four-year period from 2022-23 to 2025-26 through budget allocation.
This is used by BSNL for its investment needs including 4G mobile services.
“The revitalization packages approved by the Cabinet will strengthen BSNL in telecommunications services, including in rural areas, and facilitate the mission of providing digital connectivity in rural areas and support domestic manufacturing industries. In addition, BSNL has planned procurement of 1 lakh sites to provide 4G services under ‘Atmanirbhar Bharat’ mission,” said Chauhan.
With the government implementing the approved revitalization measures, BSNL is expected to turn around with a net profit in 2026-27, Chauhan told the House of Representatives.
