Oil India moves SC over AGR order

New Delhi: Government-owned energy producer Oil India, today said that it has filed a clarificatory/modificatory petition before the Supreme Court explaining the non-applicability of interpretation of Adjusted Gross Revenue to Non Telecom Companies.

“Since the award of NLD (National Long Distance Service) licence, the cumulative revenue of Rs.1.47 crore is earned by OIL from leasing of spare bandwidth capacity on which all applicable licence fee and other statutory dues as per license terms has been paid by OIL regularly,” Oil India said in a press release.