India, Nov. 11 -- The Government of India plans to monetise land and other assets worth Rs 9,000 crore belonging to state-owned telecom operator Mahanagar Telephone Nigam Limited (MTNL) in the 2027-28 financial year (FY28), as part of efforts to reduce the company's debt and meet its outstanding financial obligations.

According to media reports, the proposed monetisation will involve the sale of MTNL's land assets. The government has resolved several ownership-related issues that had delayed the process, and around 40 properties with clear ownership titles have been identified for sale.

MTNL's total liabilities and debt obligations are estimated at around Rs 50,000 crore, including approximately Rs 30,000 crore in sovereign guarantee bo...