MTNL fails to pay Rs 35.15 crore interest to Union Bank of India

Loss-making state-owned telecom firm MTNL has defaulted on an interest payment of Rs 35.15 crore to Union Bank of India, which was due to be paid in July, the company said in a regulatory filing. The company is reeling under a total debt of Rs 27,330 crore.

“MTNL has defaulted in the payment of Interest to Union Bank of India,” the filing said.

The company shared a chart that shows it has defaulted Rs 35.15 crore interest payment on July 31, 2022.