The cash reserves of Bharat Sanchar Nigam Limited (BSNL) have declined by 96 per cent from Rs 293.55 billion in 2009-2010 to Rs 12.14 billion in 2011-2012.
As per a written reply to the Lok Sabha, K Kruparani, Minister of State for Communications and IT, BSNL?s cash reserves declined from Rs 293.55 billion in 2009-2010 to Rs 17.33 billion in 2010-2011. The operator?s cash reserves further declined to Rs 12.14 billion in 2011-2012.
According to Kruparani, the loss-making operator has drawn a blueprint to monetise its surplus real estate assets and hive off its tower arm over the next five years to increase its revenue. Further, BSNL is looking at generating additional revenue by providing broadband connectivity to schools and leasing out its CDMA network.
