In a significant development, the Cabinet has reportedly frozen Adjusted Gross Revenue (AGR) dues at Rs 87,695 crore. According to news agency PTI, the AGR dues have to be paid by the company from FY32-FY41. Reports suggest that Vodafone Idea AGR dues will be reassessed by the telecom department. "AGR dues pertaining to FY18, FY19 shall be payable by Vodafone Idea from FY26 to FY31 without change," sources were quoted as saying by the agency.
According to the reports, the steps taken by the Cabinet to protect the government's 49 per cent stake in Vodafone Idea enable orderly payment of dues and ensure competition.
Sources said that in addition, the AGR dues pertaining to FY18 and FY19 (already finalised by the Supreme Court order of 2020) will be payable by Vodafone Idea over FY26 to FY31, without change.
Adjusted gross revenue (AGR) is the income figure used to calculate the licence fees and spectrum charges that telecom companies must pay to the government.
Vodafone Idea share price
Soon after the reports emerged, shares of Vodafone Idea tumbled nearly 10 per cent to hit the lower circuit of Rs 10.87. It fell further to touch the intraday low of Rs 10.26 on the BSE. Earlier in the day, the stock hit its 52-week high of Rs 12.80. The stock's 52-week low is Rs 6.12, hit on August 14, 2025. The stock has been gaining over the last couple of days, rising 37.90 per cent in six months and 26.04 per cent in three months.
Earlier this year, in a setback to telecom majors, including Bharti Airtel and Vodafone Idea, the Supreme Court refused to review its 2021 order rejecting their pleas for rectification of alleged errors in the calculation of AGR dues payable by them.
The telcos argued that arithmetical errors in the calculation should be rectified and that there were cases of duplication of entries.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
