Mahanagar Telephone Nigam Ltd. News and Updates

Keep track of all breaking news on Mahanagar Telephone Nigam Ltd. from all sources in a single place.

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Mahanagar Telephone Nigam Ltd.

19 Jul 2024, 03:25PM

45.25

0.11%

MTNL defaults on Rs 37.5 crore Punjab & Sind Bank loan instalment

Business Standard

The telco owes Rs 5480 crore to the bank, it told exchanges

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 44.3

Mahanagar Telephone Nigam Ltd.

17 Jul 2024

45.25

0.11%

MTNL deposits bond interest payout after invocation of govt guarantee

Business Standard

The struggling state-run company had received Rs 936 million ($11.21 million) from the government for the interest payment as per the guarantee agreement for the bonds

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 44.3

Mahanagar Telephone Nigam Ltd.

16 Jul 2024

45.25

0.11%

Govt deposits Rs 92 cr to clear immediate bond interest dues of MTNL

Business Standard

The government has stepped in to make a Rs 92 crore payment towards bond dues of MTNL, a government source said, adding that another Rs 64 crore would also be paid in coming days towards interest obligations that are slated to become due in August. The helping hand from the government is significant as it averts a crisis-like situation for the telecom corporation which has been teetering on the brink with regard to its debt obligations, particularly in this case government-guaranteed bonds. Last week, the debt-laden firm had expressed its inability to make interest payments to certain bondholders due to paucity of funds. The government sources said Rs 92 crore is being deposited in an escrow account for payment towards interest on bond dues. Another Rs 64 crore would be paid later this month to clear interest dues that slated to come up in August, sources said. The second semi-annual interest (7.59 per cent) on certain bonds is falling due on July 20, 2024. Amid mounting financial

Mahanagar Telephone Nigam Ltd. is trading below its 50 day SMA of 46.1

Mahanagar Telephone Nigam Ltd.

15 Jul 2024

45.25

0.11%

A Rs 4,800-Crore Bond Bill Looms For MTNL Amid Fund Crunch

NDTV Profit

The telecom company last week said it couldn't transfer an adequate amount of interest on its 7.59% July 2033 bonds, which are guaranteed by the government.

Mahanagar Telephone Nigam Ltd. is trading below its 50 day SMA of 46.1

Ind-Ra to monitor MTNL as interest payment default triggers govt guarantee

Business Standard | 15 Jul 2024 1 more

Mahanagar Telephone Nigam Ltd.

13 Jul 2024

45.25

0.11%

Govt considers handing over MTNL operations to BSNL; merger unlikely

Business Standard

The government is considering the option of handing over operations of Mahanagar Telephone Nigam Ltd (MTNL) to BSNL through an agreement, instead of pursuing a merger route, a source privy to the development said. A final call on this is likely to be taken in a month's time. The source said the option of handing over debt-laden MTNL's operations to Bharat Sanchar Nigam Ltd (BSNL) through an agreement is being looked into. The source said that given MTNL's high debt, a merger with BSNL was not a favourable option. Once the decision is taken, the proposal would be placed before the Committee of Secretaries, and thereafter taken to the Cabinet. Amid mounting financial woes, MTNL this week informed in a statutory filing that it is unable to make interest payment to certain bondholders "due to insufficient funds". "The second semi annual interest with regard to 7.59 per cent MTNL's bond series...is due on July 20, 2024. As per the structured payment mechanism of Tripartite agreement (T

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 44.3

MTNL Says Unable To Pay Bondholders Owing To Lack Of Funds

NDTV Profit | 12 Jul 2024

Mahanagar Telephone Nigam Ltd.

29 May 2024

45.25

0.11%

MTNL Q4 Results: Loss Widens To Rs 817 Crore

NDTV Profit

MTNL's losses widen to Rs 817.58 crore in Q4, 2024, due to high finance costs, with revenue from operations falling by 5%.

Mahanagar Telephone Nigam Ltd. is trading below its 50 day SMA of 46.1

Mahanagar Telephone Nigam Ltd.

29 May 2024

45.25

0.11%

BSNL, MTNL asset monetisation gets boost as FinMin forwards Communication Ministry's call

Business Line

BSNL/MTNL have started earning operating profits from FY 2020-21

Mahanagar Telephone Nigam Ltd. is trading below its 50 day SMA of 46.1

Mahanagar Telephone Nigam Ltd.

26 Feb 2024

45.25

0.11%

MTNL Consolidated December 2023 Net Sales at Rs 192.24 crore, down 15.46% Y-o-Y

Moneycontrol

Mahanagar Telephone Nigam Ltd. is trading below its 50 day SMA of 46.1

Mahanagar Telephone Nigam Ltd.

13 Nov 2023

45.25

0.11%

MTNL Consolidated September 2023 Net Sales at Rs 197.83 crore, down 16.85% Y-o-Y

Moneycontrol

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 44.3

Mahanagar Telephone Nigam Ltd.

12 Jul 2023

45.25

0.11%

Ind-Ra assigns AAA' rating to MTNL's proposed Rs 6,661-crore NCD issuance

Business Line

The rating reflects the absolute, unconditional and irrevocable pre-default guarantee extended by the Centre for the timely repayment of principal and interest on the rated NCDs

Mahanagar Telephone Nigam Ltd. is trading above its 30 day SMA of 44.3

Is Mahanagar Telephone Nigam Ltd. worth buying?

185 Votes:

Buy 71.35%

Sell 15.68%

Hold 12.97%

26.86% Fall from 52W High

Mahanagar Telephone Nigam Ltd. News and Updates

Keep track of all breaking news on Mahanagar Telephone Nigam Ltd. from all sources in a single place.