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Tanuja K April 13th, 2026 12:52 PM 0 COMMENTS

BSNL, MTNL Land Approved by CM to be Used for Affordable Housing Development

Bharat Sanchar Nigam Limited (BSNL), and MTNL (Mahanagar Telephone Nigam Limited) owned land in Mumbai will be given for affordable housing development. This land is in the Borivali region of the city and under the Pradhan Mantri Awas Yojna, it will be used for developing affordable housing. The decision was taken by the Maharashtra Chief Minister (CM), Devendra Fadnavis on Friday at the meeting of the Maharashtra Housing Development Authority... Read More

Tanay Singh Thakur December 16th, 2025 12:23 PM 0 COMMENTS

MTNL Gets Approval to Sell Rs 350 Crore Worth Land Asset

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom operator, has informed to the stock exchanges that it is going to sell its residential property in Mumbai's BKC (Bandra Kurla Complex) area. This is a major step towards MTNL asset monetisation. The thing with MTNL is that it is not performing well enough to pay off liabilities and keep growing the business. There's constant subscriber loss, along with dipping revenues and... Read More

Tanuja K August 18th, 2025 3:05 PM 9 COMMENTS

MTNL Defaults on Rs 8700 Crore Loan Repayment

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom operator, has yet again defaulted on a loan repayment. This time, the company has paid not repaid Rs 86.59 billion ($990.48 million) to a group of public sector banks. Out of the total amount, the principle amount is Rs 77.94 billion and Rs 8.65 billion in overdue interest to lenders including the State Bank of India, Union Bank of India, Bank of... Read More

Tanuja K July 16th, 2025 12:59 PM 1 COMMENTS

MTNL Defaults on Rs 8585 Crore Payment to PSU Banks

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom operator, on Tuesday declared that it has defaulted on payment of dues (pricipal amount and interest) to seven PSU banks. These PSU banks include Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank. The total amount that MTNL has defaulted on paying to these seven banks is... Read More

Tanuja K May 6th, 2025 2:22 PM 4 COMMENTS

MTNL Defaults on Yet Another Payment

Mahanagar Telephone Nigam Limited (MTNL), a state-run Indian telecom operator, has defaulted on payments in the past. The company has done it yet again. This highlights the financial troubles MTNL is going through. Much recently, MTNL said in a regulatory filing that it doesn't have the money to pay interest on the Rs 6,109.6 crore worth of bonds that it had raised money through. These bonds were issued in November... Read More

Kripa B April 20th, 2025 12:09 PM 9 COMMENTS

MTNL Defaults on Over Rs 8,300 Crore Loan Repayments to Multiple Banks

State-owned telecom operator Mahanagar Telephone Nigam Limited (MTNL) has defaulted on loan repayments amounting to Rs 8,346.24 crore to several public sector banks, the company disclosed in a stock exchange filing on Saturday, April 19, 2025. According to the filing, MTNL defaulted on both principal and interest payments to the banks in March 2025. Also Read: BSNL 5G Sites Go Live in Multiple State Capitals, Designates April as Customer Service... Read More

Tanuja K February 6th, 2025 12:00 PM 0 COMMENTS

Center Aims to Raise Rs 16000 Crore through BSNL/MTNL Assets Sale: Report

The central government is looking to raise around Rs 16,000 crore by selling land assets owned by BSNL and MTNL. Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) are two state-run telecom companies struggling to compete with the private players. The proposal to do this has been cleared by Department of Public Enterprises and National Land Monetization Corporation (NLMC). The revival plan is being overseen by a... Read More

Tanuja K October 25th, 2024 2:50 PM 19 COMMENTS

MTNL to Not Get any Fresh Funds from Govt Anymore: Report

Mahanagar Telephone Nigam Limited (MTNL) is not going to be closed right now, but it won't even get any fresh funds from the government. The central government, which owns a majority stake in the publicly listed telecom operator wants the company to clear all the dues. There are dues pending till 2034 amounting to Rs 32,000 crore. The plan is to make the company clear all the dues, and then... Read More

Tanuja K September 23rd, 2024 4:06 PM 1 COMMENTS

MTNL Employees Could be Moved to BSNL, DoT: Report

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company that operates in Mumbai and New Delhi is expected to see some downsizing in the employee force. The government is reportedly planning to send 3000 employees from MTNL to BSNL (Bharat Sanchar Nigam Limited) and the Department of Telecommunications (DoT). Alongside this, the government is also planning to offer VRS (voluntary retirement scheme) to employees. Read More - BSNL was the Only... Read More

Tanuja K August 30th, 2024 3:42 PM 2 COMMENTS

MTNL Accounts Frozen by Union Bank of India over Non-Payment of Dues: Report

State-run telecom operator MTNL's (Mahanagar Telephone Nigam Limited) bank accounts have been frozen by the Union Bank of India. The move from Union Bank is due to non-payment of dues by MTNL. Much recently, MTNL sought government's help to pay interest on bond dues. The state-run telco's financial situation is extremely poor due to a diminishing business. MTNL said, "This is to inform you that Union Bank of India vide... Read More

Tanay Singh Thakur August 6th, 2024 12:45 PM 0 COMMENTS

MTNL Defaults on Rs 422 Crore Loan Towards Banks

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, has defaulted on the payment of a Rs 422 crore loan towards several banks. The company announced this in a regulatory filing on Monday. The Rs 422 crore contains Rs 328.75 crore as instalment on a principal amount and the remaining Rs 93.3 crore is towards interest on debt for June and July 2024. MTNL has also shared the amount that... Read More

Tanuja K July 15th, 2024 4:14 PM 0 COMMENTS

MTNL Bond Dues will Likely be Paid by Indian Govt: Report

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom operator in India, last week expressed its inability to pay the interest dues on bonds. The telecom operator has been struggling to grow its business and it is no surprise that it is not in a position to pay off bond dues. However, a report from the Business Standard suggests that the government will likely pay the dues on behalf of MTNL.... Read More