The continued losses for three years may result in loss of ‘Mini Ratna’ status to BSNL. From the status in 2006-2007, when the company was having a revenue of Rs. 39,715 crore and profit of Rs. 6,000 crore, the revenue has come down to Rs. 38,053 crore in 2007-08, to Rs. 35,812 in 2008-2009 and to Rs.32.046 in 2009-10. It started posting loss from 2009-10 continuing the same in 2010-11 and in 2011-12 the last with a loss of about Rs.6,000 core. Thus from a profit of Rs. 6,000 crore in 2006-2007 it has reached to a loss of about Rs. 6,000 crores in 2011-12.
BSNL was eligible for the grant of Navaratna in 2006-2007, but the government delayed it and granted Mini Ratna only. The government did not want to give Navaratna as it had already made plans to ensure that it is weakened so as not to compete with the private players. Continued denial of procurement, taking away all the surplus cash through many flimsy pleas, corruption etc. BSNL has been made loss making. Now it is going to ne downgraded from Mini Ratna also.
Unless there is a strong united move by the workers and pressure from political parties, BSNL future will be a matter of past. Let us all join together to save the BSNL.