Mahanagar Telephone Nigam Ltd. News and Updates

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Mahanagar Telephone Nigam Ltd.

23 Oct 2024

45.06

1.26%

MTNL To Ring Again As Government Rules Out Bankruptcy And Merger

NDTV Profit

The government is working on a bailout package for MTNL, people aware of the matter said.

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 45.0

Mahanagar Telephone Nigam Ltd.

08 Oct 2024

45.06

1.26%

SBI declares MTNL account as NPA: Share price down 8% today, 15% in 3 days

Business Standard

MTNL share price: MTNL share price declined 7.5 per cent to Rs 48.2 per share on the BSE in Tuesday's intraday trade

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 45.0

Mahanagar Telephone Nigam Ltd.

19 Sep 2024

45.06

1.26%

MTNL Loan Account With PNB Downgraded To Non-Performing Asset

NDTV Profit

"This is to inform that loan accounts of MTNL have been downgraded to NPA... due to non payment of interest and instalment," the PNB letter to MTNL said.

Mahanagar Telephone Nigam Ltd. is trading below its 50 day SMA of 47.3

Mahanagar Telephone Nigam Ltd.

12 Sep 2024

45.06

1.26%

MTNL Shares Hit Upper Circuit After Signing MoU With NBCC

NDTV Profit

The two entities have signed a Memorandum of Understanding to develop a land parcel of approximately 13.88 acres.

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 45.0

Mahanagar Telephone Nigam Ltd.

29 Aug 2024

45.06

1.26%

Union Bank freezes accounts of telecom firm MTNL over non-payment of dues

Business Standard

Union Bank of India has frozen all accounts of state-run telecom company MTNL for non-payment of dues, a regulatory filing said on Wednesday. Union Bank of India informed the company on August 21 about freezing of all its accounts over non-payment of loans, debt-ridden MTNL said. "This is to inform you that Union Bank of India vide its Letter... dated August 21, 2024 has informed MTNL that its account has slipped to NPA with effect from August 12, 2024 due to which all accounts of MTNL with Union Bank of India have been freezed automatically," MTNL said. Earlier this month, MTNL informed stock exchanges that it has defaulted on bank loan payments worth Rs 422.05 crore. According to the details shared by MTNL, it has defaulted on the payment of Rs 155.76 crore on debt raised from Union Bank of India, Rs 140.37 crore from State Bank of India, Rs 40.33 crore from Bank of India, Rs 40.01 crore from Punjab & Sind Bank, Rs 41.54 crore from Punjab National Bank, and Rs 4.04 crore from...

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 45.0

Mahanagar Telephone Nigam Ltd.

27 Aug 2024

45.06

1.26%

MTNL Misses Payment To Bondholders For The Second Time

NDTV Profit

The semi-annual interest payment of 7.51% MTNL Bond Series VIII-D was to be credited in an escrow account.

Mahanagar Telephone Nigam Ltd. is trading below its 50 day SMA of 47.3

Mahanagar Telephone Nigam Ltd.

14 Aug 2024

45.06

1.26%

MTNL board approves 10-year service pact, share-sale proposal with BSNL

Business Standard

The MTNL board has approved a service agreement with BSNL for a period of ten years, and also a slew of other proposals, including share-sale in overseas subsidiary Mahanagar Telephone (Mauritius). The board, during its meeting, has also approved sale of shares of MTNL in MTNL STPI IT Services Ltd or MSITS, according to regulatory filing by MTNL. The board "accorded its approval to enter into a service agreement between BSNL and MTNL for a period of 10 years or unless it is revoked earlier by giving a notice of six months or extended by mutual consent between the parties, subject to approval of the said service agreement by Department of Telecom / Ministry of Company Affairs ," it said. It has also approved a proposal related to sale of shares of MTNL in Mahanagar Telephone (Mauritius) Ltd or MTML - an overseas wholly-owned subsidiary - in line with applicable Department of Investment and Public Asset Management (DIPAM) guidelines and other regulatory processes. The board has also

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 45.0

Mahanagar Telephone Nigam Ltd.

05 Aug 2024

45.06

1.26%

Telecom company MTNL defaults on Rs 422 cr loan payments from various banks

Business Standard

State-owned telecom company MTNL has defaulted on bank loan payments worth Rs 422.05 crore, a regulatory filing said on Monday. The total default amount comprises Rs 328.75 crore default on instalment of principal and Rs 93.3 crore towards interest on debt for June and July. According to the details shared by MTNL, it has defaulted on the payment of Rs 155.76 crore on debt raised from Union Bank of India, Rs 140.37 crore from State Bank of India, Rs 40.33 crore from Bank of India, Rs 40.01 crore from Punjab & Sind Bank, Rs 41.54 crore from Punjab National Bank and Rs 4.04 crore from UCO Bank. The telecom firm earlier raised Rs 5,573.52 crore in debt from these banks. The loss-making telecom firm has total borrowings of Rs 7,873.52 crore from banks and financial institutions, and the total debt of the company stands at Rs 31,944.51 crore. MTNL has sought Rs 1,151.65 crore from the government for payment of interest arising out of sovereign guarantee bonds in the current...

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 45.0

Mahanagar Telephone Nigam Ltd.

01 Aug 2024

45.06

1.26%

MTNL seeks Rs 1,151.65 cr for sovereign guarantee bonds interest in FY25

Business Standard

Debt-ridden state-run telecom firm MTNL has sought Rs 1,151.65 crore for payment of interest arising out of sovereign guarantee bonds in the current fiscal, Parliament was informed on Thursday. Minister of State for Communications Pemmasani Chandra Sekhar in a written reply to the Rajya Sabha said the government has in fact taken various steps for revival of MTNL and BSNL in 2019 and 2022 that include revival package to both companies. "Mahanagar Telephone Nigam Limited (MTNL) has sought Rs 1,151.65 crore to meet the payment of interest on Sovereign Guarantee Bonds for Financial Year 2024-25," Sekhar said. The minister was replying to a question on demands of funds by MTNL from the government to pay interests on debt obligations, details of the demand and the reasons for the state-owned telecom company MTNL making losses. He said the government allocated Rs 69,000 crore in the first revival package in 2019 to BSNL and MTNL that brought down operating costs. "In 2022, revival packa