Reliance Jio clears its AGR dues of 195 crore till January 31

Reliance Jio today paid ₹195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to a PTI report. Mukesh Ambani-led Reliance Jio becomes the only telecom company to clear the dues within Supreme Court deadline of 23 January.

“Reliance Jio has paid ₹195 crore for AGR. This includes advance money that company has paid for the month of January, 2020,” the source said.

The company has made provision of ₹177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.