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MTNL's chief Narendra Kumar Yadav resigns
Written By PTI
Published: | Updated:
Director (Finance) P K Purwar has been given the additional charge of the CMD's post, MTNL said in a Bombay Stock Exchange (BSE) filing.
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A labourer carries oil containers as a man speaks on a wireless phone outside the Public Call Office (PCO) at a wholesale grocery market in Kolkata December 8, 2010. Image Source: Reuters/Rupak De Chowdhuri
State-run firm MTNL on Thursday said its Chairman and Managing Director Narendra Kumar Yadav has resigned.
Director (Finance) P K Purwar has been given the additional charge of the CMD's post, MTNL said in a Bombay Stock Exchange (BSE) filing.
"Narendra Kumar Yadav has relinquished the charge of CMD of the company with effect June 8, 2016. P K Purwar, Director (Finance), MTNL has been entrusted with the additional charge of the post of CMD," it said.
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The telecom firm, which has operations in Delhi and Mumbai circles, expects to post operational profit at the end of the current financial year and turn profitable in 2017-18.
The state-run telecom firm has been running in losses since 2009-10.
At the end of March 2016, the company had 3,56,085 wireless subscribers and 3,504,088 wireline users, according to Telecom Regulatory Authority of India's (Trai) data.
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