Announced Tue, 16 Jun · 11:07 IST
MTNL defaults on bank loan payments; Rs 7,794 cr principal overdue
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.8%1-day move
₹31.14
prior close
₹31.39
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.1-0.4-0.5+2.8+2.9+3.0+2.8-0.6-3.4-9.4-7.4——
Up moveDown movePending
AI summary
MTNL has defaulted on bank loan payments to 7 lenders (UBI, BOI, PNB, SBI, UCO, PSB, IOB) with NPAs classified between Aug 2024 and Feb 2025. Total bank loan outstanding is Rs 9,419 crore, of which Rs 7,794 crore principal and Rs 1,625 crore interest is overdue. MTNL's total financial debt is Rs 36,966 crore, including SG Bonds of Rs 24,071 crore and DoT loan of Rs 3,476 crore.
Likely market impact
Sustained loan defaults highlight serious solvency concerns for MTNL. Likely negative stock sentiment and risk of further action by lenders.