Govt to sell MTNL’s asset worth Rs 9,000 cr in next fiscal

The Government plans to put up for sale assets worth Rs 9,000 crore of debt-ridden telecom company MTNL in the next 2027-28 fiscal year, official sources familiar with the development said on Friday. The money will reduce the state-run telecom firm’s debt, estimated at Rs 50,000 crore, including the sovereign bond guarantee.

“For the next fiscal year, 2027-28, the Government has plans to monetise MTNL land assets worth Rs 9,000 crore,” said officials. There were a lot of ownership issues that have been sorted out and now 40 clean and clear properties will be put up for sale.