Latest news with #MTNL
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Business Standard
6 days ago
- Business
- Business Standard
MTNL stock at ₹51, risky or bargain buy? Here's what chart indicates
MTNL stock seems favourably placed on the short-term charts. Can the recent flow at the counter help it breakout on the long-term chart or will it falter? Here are the key levels to watch out for. Rex Cano Mumbai Listen to This Article Debt-laden Mahanagar Telephone Nigam Limited (MTNL) has been in news lately, with the state-run firm reportedly defaulting on the payment of principal and interest on loans amounting to ₹8,584.93 crore to state-run banks. The overdue amount to PSU banks - Union Bank, Bank of India, Punjab National Bank, SBI, UCO Bank, Punjab and Sind Bank and Indian Overseas Bank stands at ₹7,794.34 crore, and interest of ₹790.59 crore. READ MORE MTNL total debt stands at 34,484 crore, which also includes Sovereign Gold bonds worth ₹24,071 crore, and payment of interest (₹1,828 crore) on Gold
Business Upturn
17-07-2025
- Business
- Business Upturn
MTNL funds escrow account for bond interest payment due July 20
By Aditya Bhagchandani Published on July 17, 2025, 15:03 IST Mahanagar Telephone Nigam Limited (MTNL) on Thursday informed the exchanges that it has deposited funds in the designated escrow account to ensure timely payment of interest on its bonds due later this week. The payment pertains to the 4th semi-annual interest on MTNL's 7.59% Secured Redeemable Non-Convertible Bonds (Series VIII A, ISIN: INE153A08154), which is scheduled to be paid to bondholders on July 20, 2025. According to the filing, the company deposited the required amount in the escrow account maintained with Bank of India, New Delhi Main Branch, on July 17, 2025, well in advance of the due date. MTNL stated that this step ensures compliance with the payment obligations and upholds its commitment to bondholders. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015. This proactive move comes as MTNL continues to meet its debt servicing obligations despite challenges in its core telecom business, underscoring the company's focus on maintaining investor confidence. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Investments in bonds and securities are subject to market risks. Please conduct your own research or consult a qualified financial advisor before making any investment decisions. The author or publisher is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
The Print
16-07-2025
- Business
- The Print
MTNL defaults on bank loans worth Rs 8,585 crore
New Delhi, Jul 15 (PTI) State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025 comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan for DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing.
Time of India
16-07-2025
- Business
- Time of India
MTNL defaults on bank loans worth Rs 8,585 crore
Representative image NEW DELHI: State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025, comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan from DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing. The total loan default includes Rs 3,733 crore of debt raised from Union Bank of India, Rs 2,434 crore of Indian Overseas Bank, Rs 1,121 crore of Bank of India, Rs 474.7 crore Punjab National Bank, Rs 363.4 crore from State Bank of India, Rs 273.6 crore from UCO Bank and Rs 184.8 crore from Punjab & Sind Bank along with principal and interest payment. The defaults in loan payment have occurred between Aug 2024 to February 2025. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
NDTV
15-07-2025
- Business
- NDTV
MTNL Defaults On Bank Loans Worth Nearly Rs 8,600 Crore
New Delhi: State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025 comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan for DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing. The total loan default includes Rs 3,733.22 crore of debt raised from Union Bank of India, Rs 2,434.13 crore of Indian Overseas Bank, Rs 1,121.09 crore of Bank of India, Rs 474.66 crore Punjab National Bank, Rs 363.43 crore from State Bank of India, Rs 273.58 crore from UCO Bank and Rs 184.82 crore from Punjab & Sind Bank along with principal and interest payment. The defaults in loan payment have occurred between August 2024 to February 2025. The state-run firm had reported a default of Rs 8,346.24 crore at the end of March 31, 2025 that occurred during the same period of August 2024 to February 2025.
