Bharti Airtel pays INR 8,004 crores towards AGR dues

In a letter dated 29 February 2020, Bharti Airtel has stated that it has paid INR 8,004 crores towards AGR dues, taking the total amount to INR 18,004 crores after doing a self-assessment from FY 2006-07 onwards till December 2019 and interest therein till February 29, 2020. Airtel initially had paid INR 10,000 crores on February 17th 2020 and yesterday it has paid INR 5000 crores and 3004 crores towards AGR dues.

The company said after its self-assessment it has paid “an additional amount of Rs 3,004 crore towards the full and final amount due over and above the ad-hoc amount of Rs, 10,000 crore paid previously.” This included dues of Bharti Airtel, Bharti Hexacom and Telenor India.

The government estimated total dues of Bharti Airtel at Rs 35,000 crore, almost double the amount it had deposited and nearly thrice the amount it pegs is due. Besides, the company has deposited an additional amount of Rs 5,000 crores, as an ad-hoc payment on Saturday.

“In addition to the aforesaid amounts paid on basis our self-assessment, we have also deposited an additional amount of Rs 5,000 crores as an ad-hoc payment (subject to subsequent refund / adjustment) to cover differences, if any, arising from the reconciliation exercise with the DoT”, the telco said.

Also Read: Vodafone, Airtel, Tata cough up INR 15,700 Crores as AGR dues to government after Supreme court order

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