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Rising from the Ashes: #BSNL turns profitable

BSNL Deepika

India’s oldest and largest CSP BSNL – has turned over its fortunes in 2015 as it reported an operating profit of Rs. 672 crore, after posting a loss of Rs.691 crores in previous fiscal year. The company gained on the back of rise in revenues and decline in administrative costs. The company plans capital expenditure of about Rs.7,700 crores in FY16 on Next Generation Network, wi-fi etc. The debt to equity of the company stands at 0.13, lowest in the industry. Anupam Shrivastva, MD, BSNL told that Mobile Number Portability has helped the company to gain customers. The company has setup 25,000 additional towers in 2014 and 2015.

 

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