MTNL chairman Narendra Yadav steps down

State-run firm MTNL on Thursday said its Chairman and Managing Director, Narendra Kumar Yadav had resigned.

Director (finance) P K Purwar has been given additional charge of the CMD's post, MTNL said in a BSE filing. "Narendra Kumar Yadav has relinquished the charge of CMD of the company w.e.f. June 8, 2016. P K Purwar, Director (Finance), MTNL has been entrusted with the additional charge of the post of CMD,” it said.

The telecom firm, which has operations in the Delhi and Mumbai circles, expects to post operational profit at the end of the current financial year and turn profitable in 2017-18.

The state-run firm has been running in losses since 2009-10.

At the end of March the company had 356,085 wireless subscribers and 3,504,088 wireline users, according to Telecom Regulatory Authority of India's data.