Overall, the outstanding to creditors is Rs 10,000 crore, CMD P K Purwar added
On merger with MTNL, Purwar said discussions have started and boards of both the companies have met on a common platform
The government recently approved a Rs 69,000-crore revival package for BSNL and MTNL that includes merging the two loss-making firms
Modi has received more than $28 billion from state firms since he came to power in 2014, by extracting dividends or getting PSUs to buy out the government's stake
While in the case of MTNL, 13,532 employees have opted for the VRS scheme so far
MTNL has reported losses in nine of the past 10 years
For any organisation that is too big, becoming an outcome-oriented organisation is challenging, says BSNL CMD
Sources said there was a one-month lag in salary payments of BSNL employees and two months for MTNL staff
The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL
The two firms will monetise assets worth Rs 37,500 crore in the next three years
Here's a selection of Business Standard opinion pieces for the day
BSNL has a nice piece of real estate in the 2500 band, but doesn't have the engineering capacity to farm the band
Some balance, without burdening tax payers, is welcome
If it can get its act together - and cut the flabby workforce - the opportunities for growth are huge
The government, on Wednesday, announced a relief package for the two beleaguered companies
The entire exercise for installing a model commercial entity, with many differing components of finance, HR, marketing would need a lead minister and a capable team to shape a progressive company
Briefing the media after the decision, Telecom Minister Ravi Shankar Prasad categorically said the government was neither closing down, nor divesting its stake in, BSNL and MTNL.
From government announcing the merger of BSNL and MTNL to HCL Tech Q2 net income rising 4.4%, here are the top 10 business headlines on Thursday
The relief package includes a sovereign bond issue worth Rs 15,000 crore
Proposed measure might create some competition for private players and contain state-owned telcos' operational costs