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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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. … Read More
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