Bharat Sanchar Nigam Limited (BSNL) has reportedly approached the government seeking Rs 400 billion worth of funds, half of which it needs in the form of sovereign guarantee to clear short-term debt.
This sought out financial assistance is over and above the Rs 690 billion relief package that was announced in 2019.
The state-run operator has said that the company does not need any additional debt and its business has become self-sustainable to support the operations.
At present, BSNL has a debt burden of Rs 300 billion which is one of the lowest in the telecom sector.
