A week after the Supreme Court asked the Department of Telecommunication (DoT) to reconsider its demand of pending adjusted gross revenue (AGR) dues from non-telecom PSU companies, the central government today informed the court that 96% of such dues have been withdrawn. The move comes as a massive relief for non-telecom public sector companies such as GAIL India, Oil India, Gujarat Narmada Valley Fertilizers and Chemicals, and Powergrid Corporation of India. Following the 2019 order of the Supreme Court, the DoT had asked PSU for spectrum dues totaling to nearly Rs 4 lakh crore.
The DoT, on Thursday, filed an affidavit with the Supreme Court explaining the rationale behind the demand of AGR dues from PSUs.
