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Mahanagar Telephone Nigam is engaged in providing telecom services.(Source : 201903 Annual Report Page No:120)
MTNL announced BSNL has taken over telecom services maintenance/operations in Delhi & Mumbai since Jan 2025. BSNL funds CAPEX/OPEX, while MTNL focuses on monetizing assets for loan repayment. The company also incurred ~Rs 1.25 Cr in fines for board composition and service quality non-compliance.
Crisil Ratings Limited has affirmed MTNL's ₹6,500 Cr bonds and ₹20 Cr NCDs at Crisil AAA (CE), maintaining a 'Watch Negative' outlook. This reflects past delays in the government-backed payment mechanism, though recent adherence is noted. Sustained adherence and a confirmed process for timely payments are crucial to resolving the...