BSNL FY24 Results: Losses narrow to Rs 5,371 crore

State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported on-year rise in its Earnings Before Interest, Tax, Depreciation and Amortisation or EBITDA to Rs 2,164 crore for FY24, while losses narrowed to Rs 5,371 crore, Parliament was informed on Wednesday. As a result of packages and measures by the government, BSNL/MTNL have started earning operating profits from FY 2020-21, Minister of State for Communications Pemmasani Chandra Sekhar said in a written reply in the Lok Sabha.

In line with the Atmanirbhar Bharat initiative, BSNL has placed a purchase order for 1 lakh 4G sites for deployment of indigenous 4G technology, Sekhar said, adding that the equipment is upgradable to 5G.