MTNL
Government telecom company MTNL has defaulted in bank loans of Rs 8,346.24 crore. The company took this loan from 7 public sector banks. The company has given this information in a regulatory filing. The total debt liability of this deficit government telecom company has reached Rs 33,568 crore by 31 March 2025. This information has been received from a regulatory filing held on Saturday.
Loan was taken from these banks
The total loan default made by the bank includes Union Bank of India Rs 3,633.42 crore, Indian Overseas Bank Rs 2,374.49 crore, Bank of India Rs 1077.34 crore, Punjab National Bank Rs 464.26 crore, SBI’s Rs 350.05 crore, SBI’s Rs 350.05 crore, UCO Bank Rs 266.30 crore and Rs 180.3 crore including Mata and interest payments. This default in loan payment took place between August 2024 to February 2025.
This amount is included in debt
The total outstanding loans on the company include a bank loan of Rs 8,346 crore, a Sovereign Guarantee (SG) of Rs 24,071 crore, a loan of Rs 1,151 crore from the Department of Telecommunications (DOT) to pay interest.
Share condition
Metropolitan Telephone Corporation Limited i.e. MTNL’s stock closed down last week. The company’s stock on the Bombay Stock Exchange closed at Rs 43.85 with a decline of 0.16 per cent or Rs 0.07. The 52 week high of this stock is Rs 101.88. At the same time, 52 weeks are 32.70 rupees. The company’s market cap is Rs 2,762.55 crore.
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