BSNL

bsnl:-v-ramesh-selected-for-director-post

BSNL: V Ramesh Selected for Director post

The public-sector head-hunter (PESB) on Friday selected V Ramesh (Principal General Manager, BSNL) for the post of Director(Enterprise), Bharat Sanchar Nigam Limited (BSNL).

13 Mar 2020
govt-assures-bsnl-and-mtnl-will-not-be-closed

Govt assures BSNL and MTNL will not be closed

After VRS offers to the employees fear has gripped such workers who have not opted for VRS that the public sector telecom companies would be closed but the government has assured that BSNL and MTNL will not be shut down rather efforts are on to revive them.

Telecom Minister Ravi Shankar Prasad said that as part of a revival plan for BSNL and MTNL, there will be optimal utilisation of land and other assets of these companies. The government considers BSNL and MTNL strategic assets, as they have come to the aid of people during natural calamities. There were problems in these companies, but the government will revive them soon. Appropriate asset monetisation and recoveries from other companies are part of the revival package.

04 Mar 2020
bsnl:-v-ramesh-selected-for-director-post

BSNL: V Ramesh Selected for Director post

By IndianMandarins 13 Mar 2020

The public-sector head-hunter (PESB) on Friday selected V Ramesh (Principal General Manager, BSNL) for the post of Director(Enterprise), Bharat Sanchar Nigam Limited (BSNL).

govt-assures-bsnl-and-mtnl-will-not-be-closed

Govt assures BSNL and MTNL will not be closed

By IndianMandarins 04 Mar 2020

After VRS offers to the employees fear has gripped such workers who have not opted for VRS that the public sector telecom companies would be closed but the government has assured that BSNL and MTNL will not be shut down rather efforts are on to revive them.

Telecom Minister Ravi Shankar Prasad said that as part of a revival plan for BSNL and MTNL, there will be optimal utilisation of land and other assets of these companies. The government considers BSNL and MTNL strategic assets, as they have come to the aid of people during natural calamities. There were problems in these companies, but the government will revive them soon. Appropriate asset monetisation and recoveries from other companies are part of the revival package.

govt-starts-sale-process-of-bsnl-by-constituting-inter-ministerial-committee

Govt starts sale process of BSNL by constituting inter-ministerial committee

By IndianMandarins 02 Jan 2020

The government has initiated the process for the sale of BSNL’s assets. The government has set up an inter-ministerial group that would shortlist and prioritise the sale of real estate assets of the cash-strapped BSNL. This is being looked at as sale process of BSNL being started by the government.

The PSU is yet to pay salaries to its staff for many months. The group comprises officials from the Department of Investment and Public Asset Management (DIPAM), department of telecom and BSNL. The company has identified 40 land parcels worth about Rs 10,000 crore to be sold.

Around 1 lakh people of BSNL have sought VRS as part of the package of the government offer to sale plan of BSNL.

bsnl:-mishra-selected-for-director-post

BSNL: Mishra selected for Director post

By IndianMandarins 14 Nov 2019

The Public-sector headhunter on Thursday selected Sushil Kumar Mishra for the post of Director (Consumer Mobility), Bharat Sanchar Nigam Limited. Presently he is Principal General Manager, BSNL. 

Altogether Six candidates appeared before the selection board for interview today.

sinking-bsnl-set-to-get-a-fresh-lease-of-life

Sinking BSNL set to get a fresh lease of life

By IndianMandarins 28 Oct 2019

The decision of the government to revive BSNL with a Rs 70,000 crore package may unleash a new challenges into the telecom sector. The package includes money for VRS, the issuance of 4G spectrum, raising long term bonds, and monetising the company’s real estate assets.

The BSNL has a subscriber base of 87.9 crore wired broadband subscribers and is by far the largest player in the business. It is a matter to be seen how it unfolds at a time when a debate is already underway on whether India will soon move from a three player to a two player private telecom market.

govt-to-take-invit-route-for-bsnl-monetization;-market-size-pegged-at-1-trillion

Govt to take InvIT route for BSNL monetization; market size pegged at 1 trillion

By IndianMandarins 25 Oct 2019

After the announcement of merging public sector telecom companies MTNL and BSNL, the government is planning to take Infrastructure Investment Trust (InvIT) route to execute its plans of making the asset monetisation programme of BSNL a success. This will be the first major use of the route by a public sector company and it follows last week’s announcement by the Reserve Bank of India allowing banks to invest in InvITs.

The government has estimated the total value of assets for monetisation at Rs 38,000 crore to be carried in out over four years. This move appears to be a huge confidence booster for the InvIT business. At present, the InvIT market has touched a value of Rs 40,000 crore recently, but so far it has raised money only from the private sector. Union finance ministry had put the possible size of the market at close to Rs 1 trillion by the end of this fiscal. It now seems that the BSNL-MTNL asset monetisation programme could become a good part of that estimate.

InvITs are designed as a tiered structure, which in turn invests in eligible infrastructure projects either directly or via special purpose vehicles. The returns from the project are distributed as dividends at fixed intervals — usually a year.

bsnl:-vadnerkar-appointed-director-(hr)

BSNL: Vadnerkar appointed Director (HR)

By IndianMandarins 14 Oct 2019

The NaMo administration cleared the appointment of Arvind Vadnerkar (Princila GM, BSNL) to the post of Director (HR), Bharat Sanchar Nigam Limited (BSNL) for a period ending 30.09.2023.

The public-sector headhunter (PESB) has selected him for the post on June 15, 2019. (CLICK to read).

purwar-was-made-interim-chief-of-bsnl

Purwar was made interim Chief of BSNL

By IndianMandarins 29 Jun 2019

Ahead of retirement of Anupam Srivastava, the outgoing BSNL CMD, on June 30, 2019 the Ministry of Telecommunication made entrusted the additional charge of P K Purwar; an interim measure subject to ACC approval. Presently, Purwar is CMD, MTNL.

 

It may be underlined that the ACC is yet to approve Purwar’s selection as BSNL CMD. PESB had selected him for the post on January 29 this year. (Click weblink to see).

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