Voda Idea deposits Rs 3,354 cr more as AGR dues, says full principal paid

On February 14, the Supreme Court had directed telecom companies to pay the AGR-related liabilities to the government by March 17

Loss-making telecom operator Vodafone Idea on Monday said it has made an additional payment of Rs 3,354 crore towards adjusted gross revenue (AGR) to the Department of Telecom (DoT), thereby completing payment of principal amount calculated on self-assessment basis.

With this fresh payment, Vodafone Idea (VIL) has paid Rs 6,854 crore towards AGR dues.

"The company has today (Monday) paid a further amount of Rs 3,354 crore to the DoT, being the balance part of the principal amount towards AGR liability. Thus, the company has paid the full principal amount of Rs 6,854 crore towards AGR dues," VIL said in a BSE filing.

The DoT has raised total demand of around Rs 53,000 core for AGR liability of VIL which included interest, penalty and interest on delay in payment of the amount.

VIL said it had filed its self assessment of the AGR liabilities with the DoT pm on March 6, 2020, in which AGR liability principal amount of Rs 6,854 crore was determined for the period from financial year 2006-07 to FY 2018-19.

The company had earlier paid Rs 2,500 crore on February 17, 2020, and Rs 1,000 crore on February 20 towards AGR liabilities.