The Department of Telecommunications (DoT) has withdrawn its demand orders asking three non-telecom public-sector undertakings (PSUs), GAIL India Limited, Power Grid Corporation of India Limited (PGCIL) and Oil India Limited (OIL) to clear adjusted gross revenue (AGR) related dues.
This comes as a huge relief for the companies as the DoT estimates of the dues stood at around Rs 4 trillion.
According to stock exchange filings by the three companies, GAIL had received demand notices for 2001-02 to 2018-19 from DoT with AGR dues worth Rs 1.83 trillion, while, PGCIL and OIL were asked to pay Rs 400 billion for financial year (FY) 2007-FY19) and Rs 484 billion for FY08-FY19, respectively.
On June 11, 2020, the Supreme Court (SC) had asked the DoT to withdraw its demands of payments from PSUs such as Power Grid, Gujarat Narmada Valley Fertilisers and Chemicals (GNFC), GAIL and OIL.
However, GNFC is yet to receive DoT’s notice.