New Delhi, March 12 -- Telecom Minister Manoj Sinha on Tuesday met Finance Minister Arun Jaitley and is understood to have sought funds amounting to over Rs 1,000 crore for salary payments to cash-strapped MTNL till June this year.

Sinha was accompanied by telecom secretary Aruna Sundararajan and MTNL chairman and MD Praveen Kumar Purwar to the meeting.

Sinha, Sundararajan and Purwar declined to comment on the purpose of their meeting. However, MTNL sources said the meeting took up the sector's concerns.

MTNL share price is down 2.51 per cent at Rs 13.60. The PSU is under intense pressure over high comeptition, lack of funds and revenues. Its networth has turned negative. MTNL operates in Delhi and Mumbai.

Sources said MTNL is not in a ...