See no challenge in payment of April salaries to 22,000 employees: MTNL CMD

Crisis-ridden MTNL, whose revival package is in the works, has exuded confidence that it would not face any challenge in payment of April salaries to its 22,000 employees, as it plans to tap internal accruals and available cash.

The comment assumes significance as distressed telecom PSUs Mahanagar Telephone Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL) are saddled with massive debt and have faced problems in clearing staff salaries in the recent past.

MTNL Chairman and Managing Director PK Purwar told PTI that the company will be able to pay April wages totalling about Rs 200 crore from internal accruals and its existing cash balance.