MTNL inventory zooms greater than 18% on strong earnings from asset monetisation

Representational picture solely. File
| Photograph Credit score: The Hindu

Shares of Mahanagar Phone Nigam Restricted (MTNL) surged greater than 18% on Thursday (March 13, 2025) after the federal government stated within the Parliament that the State-owned telecom agency has earned ₹2,134.61 crore until January 2025 from monetisation of lands and buildings.

The scrip of MTNL rallied 18.36% to ₹51.30 and ₹51.18 per piece on the each the Bombay Inventory Change (BSE) and Nationwide Inventory Change (NSE), respectively.

Authorities mulls handing over MTNL operations to BSNL; merger unlikely

The market benchmarks have been buying and selling within the constructive zone, with the 30-share BSE rising 139.40 factors or 0.19% to commerce at 74,169.16. The NSE Nifty was 29.75 factors or 0.13% increased at 22,500.25.

The federal government knowledgeable the Parliament on Wednesday (March 12, 2025) that State-owned telecom companies BSNL and MTNL have earned a complete of ₹12,984.86 crore from monetisation of land, buildings, tower and fibre since 2019.

In line with knowledge shared by Minister of State for Communications Pemmasani Chandra Sekhar in Lok Sabha, BSNL has earned ₹2,387.82 crore and MTNL ₹2,134.61 crore as much as January 2025 from monetisation of lands and buildings.

“BSNL and MTNL are monetising solely these land and constructing property which aren’t required for their very own use within the foreseeable future and for which it has the rights to switch the possession,” Mr. Sekhar stated in a written reply.

BSNL has earned ₹8,204.18 crore and MTNL ₹258.25 crore from monetisation of shut property comprising tower and fibre as much as January 2025, as per the reply. “Monetisation of property are being performed as per accepted coverage of the Authorities and its affect on the PSUs are being monitored intently,” Mr. Sekhar stated.