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Govt appoints P K Purwar as CMD of public sector telecom firm MTNL

Purwar, the Director (Finance) of MTNL, had earlier held the additional charge between June 2014 and June 2015.

Press Trust of India  |  New Delhi 

MTNL

The government has confirmed appointment of P K as of public sector telecom firm

"PK is confirmed as CMD, for the balance period of his tenure after expiry of first year on March 2, 2018," the said in its order dated May 15, 2018.

The telecom PSU has been without a full-time CMD since May 30, 2014 when A K Garg retired from the post.

, then (finance) at was given additional charge after Garg's retirement.

Later, the charge was given to Telecom Commission Member for services, Narendra Kumar Yadav on June 8, 2015.

Purwar was again given additional charge of CMD, after Yadav relinquished the top post on completion of his tenure on June 8, 2016.

Purwar, the (Finance) of MTNL, had earlier held the additional charge between June 2014 and June 2015.

Interestingly, Purwar's name had been recommended for the MTNL's top post by Public Enterprises Selection Board (PESB) in November 2013, but the government did not go ahead with the recommendation.

MTNL, which offers in and circles, has been making losses since 2009-10.

MTNL's debt stands at a staggering Rs 17,000 crore, and its annual interest burden is close to Rs 1,450 crore. Bruised by a fierce competition from private sector players, MTNL's losses were pegged at Rs 2,893 crore in 2014-15 , Rs 2,005 crore in 2015-16, and Rs 2,970 crore in 2016-17.

The board of MTNL will meet on May 30 to consider and approve financial performance of the company for fiscal year 2018.

First Published: Fri, May 18 2018. 01:06 IST
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