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 of Indian Overseas Bank, ₹1,077.34 crore of Bank of India, ₹464.26 crore Punjab National Bank, ₹350.05 crore from State Bank of India, ₹266.30 crore from UCO Bank and ₹
180.3 crore along with principal and interest payment.
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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.
MTNL, in the disclosure made to exchanges on March 15 for the period up to February 28, 2025, had declared a total default to banks of ₹8,277 crore. As of March 31, the total default stands at ₹8,346 crore, an increase of ₹69 crore.
First Published: Apr 20, 2025 5:06 PM IST
