The state telecommunications firm MTNL has breached bank loans worth 8,346.24 million rupees of seven public sector banks, the company said in a regulatory presentation.
The total debt obligations of the telecommunications company of the public loss sector reached RS 33,568 million rupees as of March 31, 2025, according to the presentation of April 19.
The total breach of the loan includes RS 3,633.42 million rapids collected from Union Bank of India, RS 2,374.49 million rupees of the Indian Bank abroad, RS 1,077.34 million rupees of India, RS 464.26 crore Punjab National Bank, RS 350.05 crore India, RS 266.30 UCO Bank crore and RS 180 Payment.
Failure to pay loans has occurred between August 2024 and February 2025.
The total debt of the company includes RS 8,346 million rupees, RS 24.071 Crore Crore Sovereign Guarantee (SG) Bond, and loan or 1,151 million rupees of the Telecom Department (DOT) for paying the interests of the SG bonds, according to the filling.