The government on Wednesday said that it will wait for listing BSNL till the PSU’s financial performance improves.

"The issue of listing would be taken after the performance of BSNL improves to get the right valuation and after obtaining the views of different stakeholders, like staff union and associations," DoT said in a reply to queries sent by Public Accounts Committee on performance of BSNL.

The board of BSNL has been pitching for listing the PSU to bring in more accountability and also to tide over the financial crisis. BSNL has posted its first ever net loss of over Rs 1,822 crore in the last financial year from a net profit of over 574 crore in 2008-09 and over Rs 10,183 crore in 2004-05.

The board’s decision was also supported by a panel headed by Sam Pitroda that suggested that the company should go for disinvestment through listing. In fact it had suggested 30% disinvestment in the PSU.