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PSU stock jumps 18% after earning ₹2,135 Cr via asset monetisation

Prominent PSU telecom company secured ₹2,134.61 crore from asset monetization, boosting overall revenues of state-owned telecom firms, which collectively earned ₹12,984.86 crore through land, building, tower, and fiber sales since 2019.
PSU stock surges 18% after securing ₹2,135 crore through successful asset monetization.
PSU stock surges 18% after securing ₹2,135 crore through successful asset monetization.

Introduction:

Leading PSU telecom company has earned ₹2,134.61 crore through asset monetization, including land and buildings. As per government data, it contributed significantly to the ₹12,984.86 crore revenue generated by state-owned telecom firms from asset sales since 2019.

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Share price movement of MTNL:

On March 13, 2025, Mahanagar Telephone Nigam Ltd (MTNL) opened at ₹46.30, rising 13.57% from its previous close of ₹43.34. The stock hit a high of ₹51.30 (18.60%) and a low of ₹46.30. By 10:27 AM, it traded at ₹49.22, with a market cap of ₹3,104.64 crore.

MTNL Earns ₹2,134 Cr from Asset Monetization:

Mahanagar Telephone Nigam Ltd (MTNL) has earned ₹2,134.61 crore through the monetization of land and building assets, as revealed by Minister of State for Communications Pemmasani Chandra Sekhar in Lok Sabha. This is part of the government’s broader asset monetization strategy.

Since 2019, state-run telecom firms BSNL and MTNL have generated ₹12,984.86 crore by monetizing assets such as land, buildings, towers, and fiber. BSNL contributed ₹2,387.82 crore from asset monetization, further boosting the sector’s financial stability and operational efficiency.

Additionally, BSNL earned ₹8,204.18 crore and MTNL ₹258.25 crore from monetizing tower and fiber assets up to January 2025. These efforts align with the government’s push to enhance telecom infrastructure and optimize state-owned assets for sustainable growth.

Recent news on MTNL:

As of February 17, 2025, Mahanagar Telephone Nigam Ltd (MTNL) reported a reduced Q3 FY25 net loss of ₹836.07 crore. Revenue declined 11.53% YoY to ₹170.07 crore, while total expenses slightly increased to ₹1,175.72 crore during the quarter.

Stock performance of MTNL for Period of 1 week, 6 months, and 1 year:

MTNL has delivered a 2.73% return over the past week, while its 6-month return stands at -27.1%. Over the past year, the stock has surged 31.6%, reflecting strong long-term investor interest despite short-term volatility.

Also Read: Infra stock under ₹20 jumps 12% after signing agreement worth ₹2,200 Cr with Kingdom of Saudi Arabia based firm

Shareholding pattern of MTNL:

ParticularsDec 2024Sep 2024Jun 2024
Promoter56.30%56.30%56.30%
FII0.10%0.10%0.40%
DII13.50%13.50%13.60%
Public30.20%30.20%29.70%
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About MTNL:

Mahanagar Telephone Nigam Ltd (NSE: MTNL) is a state-owned telecom service provider offering fixed-line, mobile, and broadband services in Delhi and Mumbai. It plays a key role in India’s telecom sector, ensuring reliable connectivity and communication solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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