New Delhi, March 13 -- Shares of Mahanagar Telephone Nigam Ltd. (MTNL), a state-owned telecom firm, surged 18% in early morning trade on March 13, hitting a three-week high of Rs.51.20 apiece after reports indicated that the company earned Rs.2,134.61 crore from the monetization of lands and buildings.

According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in the Lok Sabha, BSNL has earned Rs.2,387.82 crore and MTNL Rs.2,134.61 crore from the monetization of lands and buildings up to January 2025, news agency PTI reported.

"BSNL and MTNL are monetizing only those land and building assets that are not required for their own use in the foreseeable future and for which they have the rights to transfer own...