BSNL seeks ₹40,000 crore support from government
The Hindu
At present, BSNL has a debt burden of ₹30,000 crore which is one of the lowest in the telecom sector.
State-owned telecom firm BSNL has approached the government for ₹40,000 crore financial help, half of which it needs in the form of sovereign guarantee to clear short-term debt.
BSNL Chairman and Managing Director P. K. Purwar told PTI that the company does not need any additional debt and its business has become self-sustainable to support the operations.
“We do not need any additional debt. We have asked for ₹20,000 crore sovereign guarantee to pay back our short-term debt and issue long term bonds. We will need ₹20,000 crore if we have to set up 1 lakh node B (mobile sites) for mobile network rollout,” Mr. Purwar said.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.