India's MTNL gains on reported 60 billion rupees government boost
10/02/2025 04:35
** Shares of state-run telecom company Mahanagar Telephone
Nigam Ltd (MTNL) MTNL.NS jump 6.4% to 56 rupees
** Indian government approves 60 bln rupees ($683 mln)
spending to accelerate 4G network expansion of MTNL and Bharat
Sanchar Nigam Ltd (BSNL), broadcaster CNBC TV18 reports
** MTNL did not immediately respond to a request for comment
** Trading vols 11 mln shares vs 30-day avg of ~7 mln shares
** Day's move take YTD gains to ~11%
($1 = 87.9010 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))
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