Rescue package on the cards for MTNL, RINL; committee to take final call on servicing MTNL debt of nearly Rs 8,000 cr

The government is considering bailout plans for MTNL and RINL, with discussions involving the finance ministry. A committee will decide on MTNL’s bank debt, while RINL faces significant losses and debt. Both companies are in default and seeking loan restructuring to remain operational.
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