Default14 Sept 2026, 04:50 pm
MTNL Defaults on Principal and 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 principal default is ₹7,794.34 crore, with an additional ₹1,859.91 crore in interest defaults, bringing the total current default amount to ₹9,654.25 crore. The company's total financial indebtedness stands at ₹37,475 crore, including bank loans, SG bonds, and a loan from the Department of Telecommunications.
Key Highlights
- MTNL has defaulted on principal and interest payments to multiple banks.
- Total current default amount stands at ₹9,654.25 crore.
- Outstanding principal default is ₹7,794.34 crore, with ₹1,859.91 crore in interest.
- Company's total financial indebtedness is ₹37,475 crore.
- Defaults are in accordance with SEBI (LODR) Regulations, 2015.
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