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Paltry AGR relief leaves Vi wobbly
Mint Mumbai
|January 01, 2026
The fate of Vodafone Idea Ltd hangs in the balance, with the Union cabinet on Wednesday clearing a relief plan that punctured hopes, hammered its shares, and shook the company's fundraising hopes.
According to officials familiar with the matter, the cabinet has decided to freeze the struggling telco's pending adjusted gross revenues (AGR) dues at ₹87,695 crore for five years. The amount can be paid from fiscal year 2032 (FY32) through FY41.
That means the AGR amount will not increase, but it does not also reduce the overall AGR dues of the company, even though the officials said that the recalculation is still on the table and the amount may reduce later. A Supreme Court ruling in October had allowed the government to reassess and recalculate the AGR dues up to FY17.
"The AGR dues frozen as on 31 December shall also be reassessed by DoT (department of telecommunications)," one of the officials cited above said on the condition of anonymity.
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