Quarterly Result19 Apr 2025, 03:53 pm
MTNL Defaults on Loan Repayment and Interest Payments to Multiple Banks
AI Summary
Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payment of principal and interest to multiple banks, including Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, and Punjab and Sind Bank. The defaults occurred on various dates from August 12, 2024, to March 15, 2025. The total principal amount in default is INR 346.24 crore. The company's total outstanding borrowings from banks/financial institutions stand at INR 8346 crore, which is part of the total financial indebtedness of the company, including short-term and long-term debt, amounting to INR 33568 crore.
Key Highlights
- MTNL has defaulted on principal and interest payments to multiple banks.
- The total principal amount in default is INR 346.24 crore.
- The defaults occurred on various dates from August 12, 2024, to March 15, 2025.
- MTNL's total outstanding borrowings from banks/financial institutions stand at INR 8346 crore.
- The total financial indebtedness of the company, including short-term and long-term debt, is INR 33568 crore.