Mahanagar Telephone Nigam (MTNL) and Bharat Sanchar Nigam (BSNL) is going to get fund infusion of around Rs 37,640 crore mainly for 4G spectrum and implementation of a voluntary retirement scheme. According to Budget document 2020-21, the government will infuse Rs 14,115 crore in BSNL and Rs 6,295 crore in MTNL for the 4G spectrum. Besides, Rs 2,541 crore and Rs 1,133 crore will be provided to BSNL and MTNL, respectively as a grant in aid for payment of GST.
Both the firms will get Rs 9,889.65 crore cumulatively for ex-gratia payment for voluntarily retiring employees and Rs 3,294.77 crore for implementing voluntary retirement scheme (VRS). Over 78,300 BSNL employees and 14,378 at MTNL have opted for VRS.
MTNL will also get financial support of Rs 372 crore on account of minimum alternate tax, a refund of CDMA spectrum, payment of interest on MTNL Bonds and fiber-to-the-home (FTTH) service.
MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduce new services and to raise revenue for telecom development needs of India's key metros -- Delhi and Mumbai.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
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