Mtnl Has got another major relief from the government. According to the updates about this, the Finance Ministry has rejected the proposal of public sector banks to declare MTNL as bankrupt. The Finance Ministry has stopped MTNL from declaring bankruptcy. According to sources, MTNL has a loan of Rs 8144 crore from government banks. The government is guaranteed on the loan of MTNL. The government has approved MTNL for land montage of Rs 16,000 crore. This may make up the company’s debt.
Another big news is that the speed of 4G of BSNL, MTNL may increase. According to the exclusive information received by CNBC-Awaaz, a package of about 6 thousand crore rupees has been approved for these companies in a cabinet meeting held late Friday evening. Citing the sources quoting the full news, Laxman Roy of CNBC-Awaaz said that the 4G network of BSNL and MTNL is expected to rise due to a big relief of Rs 6 thousand crore. This package is for the expansion of 4G which has been approved by the cabinet. According to sources, plans to create about 1 lakh 4G site with this money. About 6 thousand crores will be needed to complete the plan. To accelerate the 4G network of BSNL, MTNL, a total of Rs 3.22 lakh crore has been received through three packages so far. MTNL and BSNL have signed an agreement for 4G network for 10 years.
Looking at MTNL’s move, this stock is currently seen by Rs 1.46, or 2.79 per cent, to around Rs 53.90. Today’s high day is Rs 57.50 and the day of the day is Rs 53.41. The 52 week high of the stock is Rs 101.93 and 52 weeks is 31.20 rupees. Stock trading volume is around 19,825,275 shares. The company’s market cap is Rs 3,408 crore. The stock ran 21.15 percent in the last 1 week. At the same time, it has gained 19.77 percent in 1 month. In 3 months, this stock ran 11.04 percent and 7.15 percent so far this year. In 1 year, this stock has gained 12.46 percent and 98.82 percent in 3 years.