Anupam Shrivastava to continue as BSNL CMD for full tenure

Posted on:21 Mar 2016 14:14:25

Anupam Shrivastava to continue as BSNL CMD for full tenure
21 March 2016 Current Affairs GK: Anupam Shrivastava will continue as Chairman and Managing Director of state-run BSNL for another four years following the government's decision after review of his first year of performance at the PSU's helm. Anupam Shrivastava is confirmed as Chairman and Managing Director, Bharat Sanchar Nigam Limited for the balance period of his tenure after expiry of the first year on January 15, 2016," a BSNL order dated March 16 ,2016.Shrivastava, last year, was appointed CMD of BSNL for a period of five years or till the time of superannuation age of 60 years. However, there was a condition that his confirmation as CMD would be taken up after review of his performance at the end of his first year of tenure. During Shrivastava's tenure, BSNL reported an operating profit of Rs 672 crore for 2014-15, aided by a fall in administrative costs and jump in revenue. It had posted an operating loss of Rs 691 crore in 2013-14, though in 2012-13 it declared an operating profit of Rs 916 crore. BSNL's income from services increased by 4.16 per cent in 2014-15 compared to the previous fiscal. BSNL has increased mobile network capacity under Phase-7 of its expansion plan and is setting up wifi hotspots on revenue sharing basis. The company has further started phase 7 plus under which it expects to install 21,000 mobile towers with an investment of Rs 2100 crore. 

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