State-owned telecom company MTNL defaults on Rs 422.05 crore bank loan payments for June and July.

State-owned telecom company MTNL has defaulted on Rs 422.05 crore in bank loan payments, comprising principal (Rs 328.75 crore) and interest (Rs 93.3 crore) for June and July. MTNL's total debt is Rs 31,944.51 crore, and it has requested Rs 1,151.65 crore for interest payment on sovereign guarantee bonds. The government has proposed to allocate Rs 3,668.97 crore for MTNL bond principal payment.

August 05, 2024
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