State-run telecom agency MTNL has defaulted on financial institution loans value Rs 8,346.24 crore from seven public sector banks, the corporate mentioned in a regulatory submitting.
The loss-making public sector telecom agency’s whole debt obligations reached Rs 33,568 crore as on March 31, 2025, in accordance with the submitting dated April 19.
The entire mortgage default consists of Rs 3,633.42 crore of debt raised from Union Financial institution of India, Rs 2,374.49 crore of Indian Abroad Financial institution, Rs 1,077.34 crore of Financial institution of India, Rs 464.26 crore Punjab Nationwide Financial institution, Rs 350.05 crore from State Financial institution of India, Rs 266.30 crore from UCO Financial institution and Rs 180.3 crore together with principal and curiosity fee.
The defaults in mortgage fee have occurred between August 2024 to February 2025.
The entire debt on the corporate contains Rs 8,346 crore financial institution mortgage, Rs 24,071 crore sovereign assure (SG) bond, and mortgage of Rs 1,151 crore from Division of Telecom (DoT) for paying SG bond curiosity, in accordance with the submitting.
