Default18 May 2026, 11:00 am
MTNL Defaults on ₹9,339.68 Cr Principal & Interest Payments
AI Summary
Mahanagar Telephone Nigam Ltd (MTNL) has disclosed defaults in payment of principal and interest to multiple banks, totaling ₹9,339.68 crore. The defaults pertain to obligations with 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 company's total outstanding borrowings from banks/financial institutions amount to ₹9,340 crore, while its total financial indebtedness stands at ₹36,545 crore, including bank loans, SG bonds, and loans from DoT.
Key Highlights
- MTNL defaulted on principal and interest payments totaling ₹9,339.68 Cr to several banks.
- The default amount includes ₹7,794.34 Cr in principal and ₹1,545.34 Cr in interest.
- MTNL's total outstanding borrowings from banks/financial institutions are ₹9,340 Cr.
- The company's total financial indebtedness is ₹36,545 Cr, including bank loans and SG bonds.
- Defaults occurred across multiple lenders, including Union Bank, Bank of India, and Punjab National Bank.
Price Impact
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