BSNL Revenue Targets Elevated by Central Govt

BSNL is expecting a rise in revenues as it launches 4G in several parts of the country in the coming years. The state-run telco is still majorly providing legacy network services to consumers. BSNL could become an attractive option for consumers as it would offer more affordable 4G data services once the telcos increase the tariffs.

Highlights

  • BSNL is expected to turn profitable by FY27, says the government.
  • The state-run telco is expected to leave FY23 with revenues of about Rs 17,000 crore.
  • BSNL is riding on the Rs 1.64 lakh crore revival package announced by the centre in 2022.

Follow Us

BSNL

BSNL is expected to turn profitable by FY27, says the government. Now, compared to the revenue target in FY23, the government has increased the revenue targets for the coming financial years significantly. The state-run telco is expected to leave FY23 with revenues of about Rs 17,000 crore. But in the coming financial years, the government has set a revenue target of Rs 20,008 crore (FY24), Rs 24,428 crore (FY25) and Rs 28,746 crore (FY26), respectively.




According to a Financial Express report, in a letter to all the CGMs, BSNL CMD P K Purwar wrote, "The financial year 2022-23 is drawing to a close and even while we carry out all year-end activities, I urge you to start preparing on a war footing for the year that lies ahead. FY 2023-24 will be a challenging year as there is a 17% jump in the revenue targets in the MoU (memorandum of understanding) with DoT (Department of Telecommunications)."

Read More - India’s 5G Rollout is Super Impressive

BSNL is expecting a rise in revenues as it launches 4G in several parts of the country in the coming years. The state-run telco is still majorly providing legacy network services to consumers. BSNL could become an attractive option for consumers as it would offer more affordable 4G data services once the telcos increase the tariffs.

BSNL is riding on the Rs 1.64 lakh crore revival package announced by the centre in 2022. The revival package is meant to help the company get back on track and be able to turn profitable within the next five years. BSNL will be using homegrown technology to roll out 4G. The state-run telco is using the kind of technology that can also be upgraded to 5G in the future. If BSNL's 4G is a hit, BSNL would definitely be able to improve financial performance and give competition to the private telecom operators in the country.

Reported By

Tanuja is a passionate technology and telecom buff who has been following the telecom industry for several years now.

Recent Comments

jaganathsamal :

Jio is unusable at crowded places while Airtel / Vi work fine.

Jio Outranks Airtel in 5G at Maha Kumbh Mela 2025:…

Shivraj Roy :

1gbps backend thats it? By that speed only 10 customers can be given 100mbps connection damn I was thinking atleast…

5G Is the Beginning of an Infinite Sky of Opportunities:…

Shivraj Roy :

If anyone has gone to kumbh ,please confirm if Jio actually had that capacity to handle a large influx of…

Jio Outranks Airtel in 5G at Maha Kumbh Mela 2025:…

TheAndroidFreak :

Off Topic: iQOO Neo 10R, Xiaomi 15, and Xiaomi 15 Ultra are launching tomorrow in India. Price guess, including all…

Vodafone Idea Faces Setback as Govt Denies Rs 6,090 Crore…

TheAndroidFreak :

Airtel has planned one more tariff hike this December. By that time, things will change for Vi and BSNL. For…

Can Vodafone Idea Turn Tables with 5G

Load More
Subscribe
Notify of
guest
6 Comments
newest
oldest most voted
Inline Feedbacks
View all comments