agr dues

JP Morgan downgraded Tata Steel to neutral citing regulatory cost headwinds in the Netherlands and project delays. Investec maintained a buy on SAIL, impressed by strong Q4FY26 operational performance and positive volume growth outlook. Macquarie retained an underperform rating on Voda Idea, noting a subscriber decline and significant government dues.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

Vodafone Idea has received significant relief as the Department of Telecom reassessed its Adjusted Gross Revenue (AGR) dues to Rs 64,046 crore, a reduction of over Rs 23,000 crore. The company will now pay these dues in installments between 2031 and 2041, providing much-needed financial breathing room.

Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay agr dues of Rs 88,624 crore, the deadline for which ends on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources.

As they line-up funds to pay the telecom department following the order of the Supreme Court on AGR matter, stressed telecom companies Vodafone Idea and Airtel are understood to have made a series of suggestions to the government to help them tide over the difficult times. Among them is a plan to give more time to the companies to make the agr dues payment.

Telecom operators shall pay 10 per cent of the adjusted gross revenue (AGR) dues demanded by the department of telecom (DoT) by March 31 as directed by the Supreme Court, Parliament was informed on Tuesday. MoS for communications Sanjay Dhotre, replying in the RS, also said the estimated revenue likely to be generated will depend on the payments made by the telecom companies.

The department of telecom's plea seeking 20 years time for operators to pay adjusted gross revenue (AGR) dues was approved by the Cabinet, Union minister Sanjay Dhotre informed Parliament on Thursday.

The government has received part payment of about Rs 25,900 crore from telecom operators towards statutory dues and has again directed telcos to make full payments, Parliament was informed on Wednesday. The minister said the government has "again" directed the operators to make full payments in a letter dated March 4, 2020.

Vodafone Idea, Bharti Airtel and Reliance Jio on Tuesday paid cumulative over Rs 6,000 crore to the government towards deferred spectrum dues while Tatas said it has deposited another Rs 2,000 crore for ad hoc statutory liabilities.

The telecom department (DoT) has started the process to settle adjusted gross revenue (AGR) dues using the Rs 25,701 crore payment it received from mobile operators such as Vodafone Idea, Airtel and Tata group following the Supreme Court order on AGR, according to top sources.

Telecom operator Bharti Airtel on Monday paid Rs 10,000 crore to the department of telecommunications (DoT) in connection with the adjusted gross revenue (AGR) dues. "We are in the process of completing the self assessment exercise expeditiously and will duly make the balance payment upon completion of the same, before the next date of hearing in the SC," Airtel said.

The Union Cabinet on Wednesday approved a 4 year moratorium for the cash-strapped telecom sector and rationalised the definition of AGR. Briefing the media after the Union Cabinet meeting, telecom minister Ashwani Vaishnaw said that 100 per cent foreign direct investment (FDI) will be allowed in the sector.

Telecom operator Bharti Airtel on Saturday said that it has made additional payment of Rs 8,004 crore towards adjusted gross revenue (AGR) dues to the department of telecom (DoT). The payment of Rs 8,004 crore is in addition to Rs 10,000 crore the company paid on February 17, 2020 in compliance to the Supreme Court judgement, it said in a regulatory filing.

State Bank of India (SBI) chairman Rajnish Kumar on Friday said the bank was prepared for the worst following the Supreme Court order asking telecom companies to immediately pay adjusted gross revenue (AGR) dues to the government. SBI has Rs 29,000-crore loan exposure to telecom, the largest among Indian banks.

Reliance Jio told the Supreme Court on Tuesday that it has already paid Rs 195 crore in AGR-related dues which included spectrum sharing charge of Reliance Communications. It said there is no question of one operator paying the adjusted gross revenue (AGR) related dues of another firm, as suggested by the apex court earlier, and it has cleared all its dues.

The relatively shorter timeframe granted to telcos for payment of agr dues will exert additional pressure on the cash flows, necessitates "sizeable" ARPU hike, and may have longstanding impact on industry structure, ICRA said on Tuesday.

In perhaps the first step towards invoking bank guarantees of defaulting mobile companies over the adjusted gross revenue (AGR) matter, the department of telecom (DoT) has started circlewise calculation of dues of operators towards various statutory payments.