Shares of Mahanagar Telephone Nigam Ltd (MTNL) jumped over 6% on June 11 to ₹54.33, making it one of the top gainers on the NSE in early trade. The rally comes amid reports that the Cabinet Secretary is likely to convene a high-level meeting next week to discuss a fresh revival roadmap for MTNL.
MTNL In focus
Cabinet secretary to hold meeting next week to revive MTNL
— RedboxGlobal India (@REDBOXINDIA) June 11, 2025
The development has renewed optimism around the long-struggling public sector telecom firm, which has already seen successive revival packages rolled out in 2019, 2022, and 2023. These measures were aimed at addressing the company’s mounting liabilities and modernising its telecom infrastructure.
In a related push, the Centre recently wrote to state governments, urging them to prioritise Bharat Sanchar Nigam Ltd (BSNL) and MTNL for telecom needs of all state departments, PSUs, and agencies. The directive cited the 2019 Cabinet mandate that made BSNL and MTNL compulsory providers for central government entities, mainly due to national data security concerns.
“BSNL and MTNL are already fulfilling telecom requirements for the Centre, the armed forces, and banking networks. State governments should follow suit to ensure secure and reliable communications,” the letter stated.
With renewed focus on policy support and strategic state adoption, market sentiment around MTNL has turned bullish.
Ahmedabad Plane Crash