 "BSNL")
In a major relief to Bharat Sanchar Nigam Ltd (BSNL), the government has received presidential approval for increasing the company’s borrowing limit from Rs 31,213 crore to Rs 39,713 crore, and that includes raising Rs 8,500 crore through a sovereign guarantee bond in FY21, but with stiff riders.
The approval is the key to BSNL’s turnaround plan, which includes setting up a 4G network so that it can compete with private competitors.
Currently it has only a 10.32 per cent share of the Indian mobile market as of February this year.
However, it comes with conditions. BSNL will have to take steps to
