Telecom licence: GAIL, Oil India & Power Grid caught off guard on AGR dues

ET Intelligence Group: The Supreme Court’s directive to telecom service providers to pay the pending dues pertaining to the underpaid licence fees and associated penalties and interest could adversely impact the non-telecom companies including GAIL, Oil India, and Power Grid Corporation.

This is because a small portion of revenues (under 2 per cent) of these companies comes from the optical fibre cable (OFC), which these companies have laid across their gas and power distribution networks.