State-owned telecom major BSNL's cash reserves declined by a whopping 96 per cent to Rs 1,214.44 crore in 2011-12 from Rs 29,355.5 crore 2009-10.
The company had a cash reserve of Rs 29,355.5 crore in 2009-10 fiscal, which declined to Rs 1,733.35 crore in 2010-11 and further slipped to Rs 1,214.44 crore in 2011-12, Minister of State for Communications and Information Technology K Kruparani said in a written reply to the Lok Sabha.
The company had a cash reserve of Rs 29,355.5 crore in 2009-10 fiscal, which declined to Rs 1,733.35 crore in 2010-11 and further slipped to Rs 1,214.44 crore in 2011-12, Minister of State for Communications and Information Technology K Kruparani said in a written reply to the Lok Sabha.