Articles for tag: Bond, Critical, Due, Financially, Government, Interest, MTNL, Payment, Relies, September, Struggling, Support, Years

MTNL, struggling financially for years, relies on government support again for a critical bond interest payment due September 24.

Mahanagar Telephone Nigam Limited (MTNL), a state-run telecom company, is facing financial difficulties and has struggled with losses almost every year since 2008, with only one profitable year in 2013-14. The government has announced that it will step in to cover MTNL’s upcoming interest payment on bonds due on September 24. Recently, MTNL communicated that ...