State-owned telecom firm Bharat Sanchar Nigam Ltd (BSNL) recorded its first loss since inception, totalling over Rs1,800 crore in 2009-10. It garnered Rs18,427.18 crore in revenue during the financial year from landline and mobile services.
BSNL received Rs8,885.67 crore in revenue during 2009-10, while it garnered Rs9,541.51 crore from mobile services.
BSNL had earned profits since its inception in October 2000 (2000-01) up to the financial year 2008-09. However, it has incurred a loss of Rs1,822.65 crore for the first time in its history in financial year 2009-10.
Further, the number of Internet connections provided by BSNL and MTNL (another state-run telecom firm) was 14.35 million as on September 2010. Of these, BSNL had 11.96 million Internet subscribers, while MTNL had 2.39 million subscribers in Delhi and Mumbai circles, where it operates.
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it spends only on products & services, and not on its lousy service!
How many PSU have shown any profit in decades?
What a shame while cell phone companies re making profit and this one is loosing but than anyone in India cares as it is a PSU