Vodafone Idea pays Rs 3,354 cr to govt in AGR dues, claims principal amount fully paid now

Loss-making telecom operator Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the Department of Telecom (DoT), thereby completing payment of principal amount calculated on self-assessment basis.

With this fresh payment, Vodafone Idea (VIL) has paid Rs 6,854 crore towards AGR dues.

“The company has today (Monday) paid a further amount of Rs 3,354 crore to the DoT, being the balance part of the principal amount towards AGR liability. Thus, the company has paid the full principal amount of Rs 6,854 crore towards AGR dues,” VIL said in a BSE filing.

The DoT has raised total demand of around Rs 53,000 core for AGR liability of VIL which included interest, penalty and interest on delay in payment of the amount.