KOLKATA: State-run Bharat Sanchar Nigam Ltd (BSNL) is likely to narrow
its annual losses in the year ended March 31 to about Rs 8,100 crore,
helped by an income-tax refund and a dip in costs, even as its revenue
continues to slip, a top company executive said.
Once considered a jewel among India's state-run companies, the loss-making telecom operator has been struggling to compete against private sector operators and has been forced to tighten spending in its bid to survive amid plunging revenue.
The company is likely to have cut its yearly losses, helped by a near Rs 900-crore income tax refund and a 5% reduction in operation & maintenance and administration costs, a company director told ET, declining to reveal specifics since the board is yet to approve the annual financial numbers. BSNL, which offers services in all regions except Mumbai and Delhi, had registered a loss of Rs 8,851 crore in 2011-12 on revenue of Rs 27,944 crore.
IT refund, Drop in costs may cut down BSNL loss-
Economic tmes.
Once considered a jewel among India's state-run companies, the loss-making telecom operator has been struggling to compete against private sector operators and has been forced to tighten spending in its bid to survive amid plunging revenue.
The company is likely to have cut its yearly losses, helped by a near Rs 900-crore income tax refund and a 5% reduction in operation & maintenance and administration costs, a company director told ET, declining to reveal specifics since the board is yet to approve the annual financial numbers. BSNL, which offers services in all regions except Mumbai and Delhi, had registered a loss of Rs 8,851 crore in 2011-12 on revenue of Rs 27,944 crore.
IT refund, Drop in costs may cut down BSNL loss-
Economic tmes.
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