AGR dues: Vodafone Idea pays another Rs 3354 cr; says paid full principal amount

NEW DELHI: Vodafone Idea on Monday said it paid another Rs 3,354 crore towards its adjusted gross revenue (AGR ) dues , a day before the Supreme Court is expected to hear the modification plea filed by the telco and other operators.

"The Company had earlier paid a sum of Rs.2,500 crores on 17 February 2020 and a further sum of Rs.1,000 crores on 20 February 2020 towards this liability. The Company has today paid a further amount of Rs. 3,354 crores to the DoT, being the balance part of the principal amount towards AGR liability," the company said in its BSE filing.

Vodafone Idea had filed its self-assessment of the AGR liabilities with the Department of Telecommunications on 6 March, 2020, in which AGR liability principal amount of Rs.6,854 crores was determined for the period from FY 2006-07 to FY 2018-19.

According to the troubled telco’s own assessment, its AGR dues amount to Rs 21,533 crore, if which the principal amount has been pegged at Rs 6,854 crore. The DoT's estimate though is for overall dues at Rs 53,000 crore.




"Thus the Company has paid the full principal amount of Rs. 6,854 crores towards the AGR dues," said the regulatory statement.

The DoT's estimate though is for overall dues at Rs53,000 crore.


The SC is expected to hear the modification plea on the payment schedule of AGR dues between telcos and DoT, on March 17 (Tuesday).

The company's shares were up 5.15% at Rs 5.92 in mid-day trade on the BSE Monday, after it was revealed that the government is likely to request the Supreme Court to allow telcos to stagger their AGR dues payment over upto 20 years at a reduced interest rate.

The company, which has 304 million customers, came under increased financial pressure after the Supreme Court ruled in October that AGR would include non-core items as well. The order has resulted in 15 companies facing dues of more than Rs 1.47 lakh crore.