MTNL defaults on loan repayments worth nearly a billion dollars
Mahanagar Telephone Nigam Ltd. (MTNL) has defaulted on loan repayments yet again, raising further questions on the revival of the state-run telecom operator.
The Mumbai-based company has failed to pay ₹8,659 crore (about $990.48 million) principal and interest to seven public sector lenders, including State Bank of India and Punjab National Bank, according to an exchange filing on Monday. It includes ₹7,794 crore in principal and ₹865 crore in overdue interest. These repayments were due between 12 August 2024 and and 3 February 2025.
