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Debt-laden BSNL secures Rs 3000 crore loan from SBI

Tuesday, January 21, 2020, 10:25 AM

State-run BSNL has secured an Rs.3,000-crore loan from SBI, which will enable it to clear some vendor dues and salaries. As per an official, the loan was sanctioned a couple of weeks ago and Rs.2,500-crore has been utilized so far, of which Rs.1,700-crore went towards clearing dues of some of the vendors. The remaining '500-crore can be used for paying salaries for December.
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Over 70,000 BSNL employees have availed VRS option, says CMD

Tuesday, December 17, 2019, 4:28 PM

As many as 78,569 employees of Bharat Sanchar Nigam Ltd have availed the voluntary retirement scheme offered by the government and applications of most of these will be approved, the company's chairman and managing director P.K Purwar said. The company expects savings of Rs.1300 crore in wages for the financial year ending 31 March 2020, once the scheme takes effect on 31 January 2020.