Public sector A well -known company has been stamped by defaulters as it did not pay the loan of banks on time. Yes, the government telecom company Mahanagar Telephone Corporation Limited (MTNL) has not paid loans worth Rs 8585 crore taken from 7 different public sector banks. The company gave this information in the information given to the stock market on Tuesday. The telecom company of the loss -making public sector had a total debt of Rs 34,484 crore by June 30, 2025. This includes a bank loan of Rs 8585 crore and a government guarantee bond of Rs 24,071 crore.
Union Bank of India’s 3733.22 crore loan on MTNL
The total loan default includes Union Bank of India’s Rs 3733.22 crore, Indian Overseas Bank’s Rs 2434.13 crore, Bank of India 1121.09 crore, Punjab National Bank’s Rs 474.66 crore, State Bank of State Bank Rs 363.43 crore, UCO Bank’s Rs 273.58 crore and Punjab & Sindh Bank’s loan of Rs 184.82 crore. This includes the payment of interest along with the principal. Loan payment lapse occurred between August 2024 to February 2025. MTNL reported a default of Rs 8346.24 crore at the end of March 31, 2025, which took place during the same period from August 2024 to February 2025.
Government company shares closed with heavy fall on Tuesday
The company’s shares closed down today after the information about this default given by MTNL to the stock market. The company’s shares, which closed at Rs 52.12 on Monday, opened at a price of Rs 52.15 with a slight increase today. However, shortly after the market opened, it started declining. However, after the company gave the default information, it suddenly fell sharply and finally MTNL’s shares closed at Rs 49.92 with a loss of Rs 2.20 (4.22%). Let us tell you that 52 weeks of this government company shares are Rs 101.88 and 52 weeks are Rs 37.49. Its current market cap is Rs 3144.96 crore.
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