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Informative

MTNL defaults on interest payment for sovereign guarantee-backed Rs 6,100 crore bonds

Update / Judgement Date

05 May 2025

Source

PSU Watch

Author

Team — WCP Legal Desk

Reading Time

1 min read

PSU's AND Govt. Undertakings

State-owned telecom operator MTNL has defaulted on interest payments for ₹6,100 crore worth of sovereign-guaranteed bonds, raising fresh concerns about its financial stability. This default, despite government backing, underscores the persistent financial challenges facing the telecom PSU and may require direct government intervention to resolve.