Mtnl

MTNL shares dip 6% as company again defaults payment of instalment to banks

With this the amount of outstanding borrowings from Banks/Financial Institutions stand at ₹8,346 crore

MTNL defaults on Rs 8,346 crore loans from seven public sector banks

State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,346.24 crore from seven public sector banks, the company said in a regulatory filing. The loss-making public sector telecom firm's total debt obligations reached Rs 33,568 crore as on March 31, 2025, according to the filing dated April 19. The total loan default includes Rs 3,633.42 crore of debt raised from Union Bank of India, Rs 2,374.49 crore of Indian Overseas Bank, Rs 1,077.34 crore of Bank of India, Rs 464.26 crore Punjab National Bank, Rs 350.05 crore from State Bank of India, Rs 266.30 crore from UCO Bank and Rs 180.3 crore along with principal and interest payment. The defaults in loan payment have occurred between August 2024 to February 2025. The total debt on the company comprises Rs 8,346 crore bank loan, Rs 24,071 crore sovereign guarantee (SG) bond, and loan of Rs 1,151 crore from Department of Telecom (DoT) for paying SG bond interest, according to the filing.

Govt to form panel to decide on MTNL, BSNL assets in Mumbai: Scindia

The Minister of Communications attended a meeting organised at the Sahyadri Guest House here on the BSNL's assets in Mumbai and the communication system in Maharashtra

Starlink deal: Can the stars shine bright for Airtel, RIL? Chart check here

Shares of Reliance and Airtel are in focus amid the Starlink deal; while MTNL too was in limelight on land monetisation news. Here are the key levels to watch out on these 3 telecom stocks.

Here's why MTNL shares skyrocketed 14% in trade on March 13; details here

The uptick in the MTNL share price came after MTNL, along with BSNL, has generated Rs 12,984.86 crore from the monetisation of land, buildings, towers, and fibre since 2019

BSNL, MTNL raise Rs 12,984 crore from asset monetisation since 2019

State-owned telecom firms BSNL and MTNL have earned a total of Rs 12,984.86 crore from monetisation of land, buildings, tower and fibre since 2019, Parliament was informed on Wednesday. According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in Lok Sabha, BSNL has earned Rs 2,387.82 crore and MTNL Rs 2,134.61 crore up to January 2025 from monetisation of lands and buildings. "BSNL and MTNL are monetising only those land and building assets which are not required for their own use in the foreseeable future and for which it has the rights to transfer the ownership," Sekhar said in a written reply. BSNL has earned Rs 8,204.18 crore and MTNL Rs 258.25 crore from monetisation of close assets comprising tower and fibre up to January 2025, as per the reply. "Monetisation of assets are being done as per approved policy of the Government and its impact on the PSUs are being monitored closely," Sekhar said.

Government not privatising telecom firms BSNL and MTNL, says minister

In February, the Union Cabinet reportedly approved Rs 6,000 crore (Rs 60 billion) towards 4G network expansion of MTNL and BSNL

Q3 results today: RVNL, Glenmark Pharma, MTNL to post earnings on Feb 14

Q3 FY25 company results, February 14: Aditya Birla Fashion & Retail and Dish TV will be among 696 firms to release their reports for the Oct-Dec 2024 quarter

Breakout stock: Telecom major MTNL can gain 86% to Rs 100; check levels

Technical chart shows key resistance for the stock at Rs 61.70; break and sustained trade above the same can trigger a sharp rally at the MTNL counter.

Finance ministry no to public sector banks taking haircut on MTNL loans

If allowed, this would amount to default by central government, it says

MTNL share price hits 20% upper circuit on heavy volumes; up 28% in 2 days

Till 09:43 AM, average trading volume on the counter had jumped over three fold with a combined 21.17 million equity shares, representing 3.4 per cent of total equity of MTNL, changing hands

With loans to MTNL turning into NPAs, PSBs may agree to 20% haircut

They have Rs 8,144 cr exposure to troubled telco

MTNL shares dip 3% as company struggles to fund escrow account

An escrow account is a secure account that holds funds or assets until certain conditions are met. The funds are then released to the beneficiary or recipient

MTNL shares spurt 6% after Care Ratings upgrades long-term debt rating

Shares of Mahanagar Telephone Nigam Limited (MTNL) rallied up to 6.34 per cent at 58.49 per share on the BSE in Wednesday's intraday deals

MTNL skyrockets 14% despite default on interest payment for bond series

Shares of state owned telecommunications company MTNL surged 13.68 per cent at Rs 61.89 a piece on the BSE in Thursday's intraday deals

Stocks to watch, November 13: Eicher Motors, Nykaa, BSE, RIL, IndiGo, MTNL

Stocks to watch, November 13: Here are few stocks that will be in limelight for today's session

Expect some clarity on MTNL resolution this quarter: UCO Bank MD & CEO

A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the aforementioned credit growth

BSNL making operating profit, added subscribers in last 3 months: Scindia

State-owned telecom giant BSNL has added subscribers in every single month in the last quarter and its subscriber base has grown by 50-60 lakhs as it scripts a turnaround story after recording operating profit in the last two years, Communications Minister Jyotiraditya Scindia said Wednesday. Speaking at Express Adda, he said Bharat Sanchar Nigam Ltd (BSNL) is offering telephone services in remotest village and a network upgrade is improving its service. In June last year, the Union cabinet had approved an Rs 89,047 crore revival package for loss-making state-owned telecom operator deploy 4G and 5G services in a market dominated by private players. Debt-laden BSNL, grappling with poor infrastructure, had posted losses for the past 12 years. "In terms of financials, yes, BSNL was bleeding. But in the last 2 years, we have had a positive EBITDA. So we are not in the red on EBITDA," he said. While EBIDTA is positive, its bottomline was still in red. The minister did not say when the

MTNL soars 9% as co plans 'not to shut shop' or go to NCLT, say reports

The government plans to keep MTNL as a 'going concern' as the company going to NCLT will not set the right precedent for other PSU companies

PSU defaults, moral hazards: Can banks keep relying on govt ownership?

MTNL and RINL aren't good stories, particularly when both lenders and investors are getting their appetite for the infrastructure sector back