MTNL shares up 7% after DoT approaches finance ministry to repay co’s debt

Mahanagar Telephone Nigam (MTNL) share price jumped 6.6 per cent, logging an intraday high at ₹47.04 per share on BSE. The stock gained after department of telecom (DoT) once again approached the finance ministry seeking funds to repay the liabilities.

MTNL, a government-owned telecom company, is overseen by the DoT, which is responsible for policymaking and regulation in the telecom sector.