Ailing BSNL, MTNL to merge

The Modi administration’s aim is to leverage the spectrum allotment to make BSNL and MTNL compete more effectively in the domestic telecom market.

BSNL, MTNL days numbered?

A voluntary retirement scheme should be offered.

Hindustan Copper had recorded a net profit of Rs 145.74 crores in 2018-19, which was a humungous 83 per cent more than the previous fiscal.

The move comes at a time when Bharat Sanchar Nigam Ltd (BSNL) is facing mounting pressure on its financials.

A major fire broke out on the afternoon of July 22 at the MTNL Exchange at Bandra west where over 200 employees work.

BSNL as well as MTNL had delayed payment of salaries for February until mid-March due to a financial crisis.

Around 8,000 employees of MTNL staged protest demanding the immediate release of the salary.

The net worth of BSNL stood at Rs 34,276 crore, while MTNL had a negative networth of Rs 9,735 crore as on April 1, 2019.

Debt-ridden MTNL, which operates telecom services in the Delhi and Mumbai circles.

Fire fighting is underway and 14 fire engines from Mumbai Fire Brigade, 1 quick response vehicle, 1 ambulance, 6 water tankers are on scene.