DoT expects BSNL to post ₹558-crore profit in FY27
Financial Express Mumbai|December 23, 2024
THE DEPARTMENT OF telecommunications (DoT) has projected state-owned Bharat Sanchar Nigam (BSNL) to turn profitable in FY27 with a profit of ₹558 crore.
JATIN GROVER
DoT expects BSNL to post ₹558-crore profit in FY27

The projections are based on the potential increase in revenues expected in the coming years with the launch of 4G and 5G services.

For FY27, DoT has projected the company's revenues at ₹33,553 crore, an increase of 73.5% from the revenue of ₹19,344 crore in FY24.

Besides focusing on the 4G and 5G launch, the government is also looking at modernisation and upgrading of infrastructure of BSNL to shore up its revenue, as per the information shared by DoT with the Standing Committee on communications and information technology.

In FY24, BSNL narrowed its net loss to ₹5,367 crore from ₹8,161 crore in FY23 on the back of lower expenses, especially finance cost, and higher non-operating income.

Esta historia es de la edición December 23, 2024 de Financial Express Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 23, 2024 de Financial Express Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FINANCIAL EXPRESS MUMBAIVer todo
Financial Express Mumbai

Trump comeback: Honda to go slow on new EVs

HONDA MOTOR WILL be cautious about starting production of new electric vehicles due to uncertainty about US President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.

time-read
1 min  |
January 09, 2025
Financial Express Mumbai

Flying taxis are on the horizon

Taking Commuting To New Heights

time-read
3 minutos  |
January 09, 2025
Bid for 2036 Olympics takes pan-India route
Financial Express Mumbai

Bid for 2036 Olympics takes pan-India route

Bhubaneswar, Bhopal, Pune to join Ahmedabad

time-read
3 minutos  |
January 09, 2025
Financial Express Mumbai

Pritish Nandy dies at 73

VETERAN JOURNALIST, POET and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.

time-read
1 min  |
January 09, 2025
India seeks NRI participation in 'Viksit Bharat'
Financial Express Mumbai

India seeks NRI participation in 'Viksit Bharat'

THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).

time-read
1 min  |
January 09, 2025
Financial Express Mumbai

SC: Examine proposals to develop Sahara land

THE SUPREME COURT on Wednesday asked market regulator Sebi and the amicus curiae to examine two separate proposals of two firms for developing the Sahara Group's land in Mumbai to return investors' money.

time-read
1 min  |
January 09, 2025
Oil pares gains on dollar strength
Financial Express Mumbai

Oil pares gains on dollar strength

OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.

time-read
1 min  |
January 09, 2025
Financial Express Mumbai

Sebi issues guidelines for analysts & advisers

MARKETS REGULATOR SEBI on Wednesday said it has issued guidelines on the regulatory framework for research analysts and investment advisers to bolster investor protection and ensure transparency.

time-read
1 min  |
January 09, 2025
Financial Express Mumbai

'Align AI and business goals for better results'

ENTERPRISES ARE increasingly recognising the value of multicloud architectures and the ability to capitalise on the unique strengths of various cloud platforms to enhance their operational capabilities, says Shailender Kumar, senior vice-president and regional managing director of Oracle India and Netsuite JAPAC. In this interview, he speaks to Sudhir Chowdhary on the emerging trends in cloud computing and how cloud providers are embedding AI capabilities into their services. Excerpts:

time-read
2 minutos  |
January 09, 2025
GCCs focus on skills-based hiring for growth
Financial Express Mumbai

GCCs focus on skills-based hiring for growth

GCCs focus on skills-based hiring for growth

time-read
2 minutos  |
January 09, 2025