Airtel to approach Govt for AGR relief

BHARTI AIRTEL ON Tuesday said it plans to approach the government, seeking a reassessment of its adjusted gross revenue (AGR) dues.

- OJASVI GUPTA

This comes a day after the Supreme Court clarified that the government could undertake a comprehensive review of Vodafone Idea’s AGR liabilities, including interest and penalties up to FY17. The move marks a fresh attempt by the telecom major to revisit its longstanding dispute over dues that it says were wrongly computed.

“We welcome the fact that the recent order of the Supreme Court permits the government to undertake a comprehensive assessment, reassessment and reconciliation of the AGR dues including interest and penalties up to financial year 2016-17,” Gopal Vittal, vice-chairman and managing director, Bharti Airtel, said during the company’s quarterly earnings call.