Default7 Aug 2026, 11:34 am
MTNL Defaults on ₹9,575 Cr Principal & Interest Payments to Banks
AI Summary
Mahanagar Telephone Nigam Limited (MTNL) has disclosed defaults on principal and interest payments to several banks, including 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 outstanding default amount is ₹9,574.61 crore, comprising ₹7,794.34 crore in principal and ₹1,780.27 crore in interest. The company's total borrowings from banks and financial institutions stand at ₹9,575 crore, with total financial indebtedness reaching ₹37,396 crore. This disclosure follows previous communications regarding payment obligations.
Key Highlights
- MTNL defaults on ₹9,575 Cr principal and interest payments.
- Seven banks listed as lenders with various default dates.
- Total outstanding debt including bank loans is ₹37,396 Cr.
- Disclosure made as per SEBI (LODR) Regulations, 2015.
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