State-run telecom firm MTNL has defaulted on bank loans worth ₹8,346.24 crore from seven public sector banks, the company stated in a regulatory filing.
The loss-making public sector telecom firm’s total debt obligations reached ₹33,568 crore as on March 31, 2025, according to the filing dated April 19.
The total loan default includes ₹3,633.42 crore of debt raised from Union Bank of India, ₹2,374.49 crore from Indian Overseas Bank, ₹1,077.34 crore from Bank of India, ₹464.26 crore Punjab National Bank, Rs 350.05 crore from State Bank of India, ₹266.30 crore from UCO Bank and ₹180.3 crore along with principal and interest payment.
The defaults in loan payment have occurred between August 2024 to February 2025.
The total debt on the company comprises ₹8,346 crore bank loan, ₹24,071 crore sovereign guarantee (SG) bond, and loan of ₹1,151 crore from Department of Telecom (DoT) for paying SG bond interest, according to the filing.
Published on April 20, 2025
