MTNL gets Rs166cr interest on I-T refund

Mahanagar Telephone Nigam (MTNL) has received refunds from the income tax department for various assessment years.

The total amount received from I-T amounted to Rs 1,395 crore out of which Rs 166.19 crore has been refunded as interest.

According to a release issued by MTNL to the BSE today, the amount of interest will increase the profits of the company for the financial year 2007-08.