This comes as a blow to the football fraternity as most teams are looking for sponsorship.

It follows speculations that the company was interested to sponsor either Mighty Wanderers or Big Bullets this season.

MTL corporate affairs manager Tina Das told the media that the company wishes to concentrate on their social support on economic development activities which will benefit a wider sector of the society.

Meanwhile, MTL queens have raised fears that they might lose their sponsorship following the announcement.

When asked Das whether the company will continue sponsoring MTL queens or not, she could not come out clearly.