Bharti Airtel pays Rs10,000cr to govt towards AGR dues

Published On: Monday, February 17, 2020 | By: Team KnowMyStock

Telecom Operator Bharti Airtel paid Rs 10,000 crore to the government towards adjusted gross revenue (AGR) liability. Further, the telecom company said as much as Rs9,500cr has been paid on behalf of Bharti Airtel (including Telenor India which merged with the company), and another Rs500cr for Bharti Hexacom. The telecom company added that it is completing its self-assessment “expeditiously” and will pay before the next hearing of Supreme Court -which so far has been listed for March 17. The telecom companies had filed a plea in the top court to allow them to engage with the DoT for verifying the amount and deciding the payment modalities. Bharti Airtel has already raised $3 billion (around Rs 21,000 crore) in January to pay AGR dues. The remaining Rs 13,000 crore could be funded by bank loans.

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