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BSNL loss stood at Rs 8,851 cr during last fiscal: Govt

The total revenues of the company at the end of FY'11 was Rs 28,876 crore

Press Trust of India  |  New Delhi 

The financial of state-run telecom firm touched Rs 8,851 crore during 2011-12, Parliament was informed today.

The figures presented by Minister of State for Communications and IT Milind Deora in a written reply in Rajya Sabha shows losses by during the last three financial years starting 2009-10 when it reported of Rs 1,823 crore.

BSNL's profit had started declining continuously from Rs 10,183 crore in 2004-05 before showing a in 2009-10.

During 2010-11, losses rose to Rs 6,384 crore mainly due to hefty outgo on employees' salary and expenses borne by the PSU for procuring 3G and BWA spectrum.

officials had attributed widening of the losses mainly on account of payment made to the to procure 3G and BWA licenses for which it paid a total of Rs 18,500 crore.

has proposed to surrender some spectrum and seeking refund for the same but no decision has yet been taken by Department of Telecommunications.

The total of the company at the end of FY'11 was Rs 28,876 crore.

has submitted a proposal of Voluntary Retirement Scheme as part of its efforts to revive the loss-making company. The is yet to approve it.

First Published: Fri, August 17 2012. 18:37 IST