a strong financial base and has shown consistent improvement in
performance over the years.
It has a customer base of 5.92 million.
possesses an impressive financial profile comprising Reserves and
Surplus amounting to Rs.105698.8 million* and Fixed Assets worth
Rs.146918.8 million* as on 31.03.2006 corresponding figures for
103138.2 million and
142522.5 million respectively.
- Telephone Bonds
following operations have reinforced and strengthened MTNL's resource
Disinvestment / Global Depository Receipts
MTNL is amongst the foremost public sector undertakings in
India in terms of divestiture / GDR of the equity by Govt. of India.
Govt. of India has disinvested approximately 275.63 million shares
(including 70 million shares through GDR) upto 31.3.2004. MTNL.s
outstanding shares as on 31.3.2004 were 630 million (including 30
million shares GDR) out of which Govt. of India owned 354.37 million
shares (56.25% approximately). The MTNL.s share has been listed at the
Stock Exchanges of Mumbai, Delhi, Chennai, Calcutta & National Stock
MTNL was listed at the New York Stock Exchange on 6.11.2001, one more
connection that brings more transparency in its operation.
The company.s equities are considered as an excellent buy globally by
Foreign Institutional Investors, All-India Financial Institutions,
Research Analysts, Merchant Bankers etc.
Shareholding and Dividend
paid up Capital is Rs.6300 millions and the Govt. of India currently
holds 56.25% stake in the company. The company has been consistently
paying dividend on the paid up share capital of Rs.6300 millions for
last many years. Final dividend of 40%(including 30% interim dividend)
is declared for the financial year 2005-06.
expenditure during 2005-006 was Rs 6.92 billion* as against Rs.9.98
billion in 2004-05 and the capital expenditure for both the years was
fully met by internal resources. Assets have risen from Rs.9.79 billion
in the year 1986-87 to Rs. 146.99* billion in the year 2005-06.