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PGCIL would not be liable to pay Rs 22,000 cr AGR payment, says report

Updated : February 22, 2020 11:11 AM IST

The report said the dues demanded by DoT are twice the firm's FY20E earnings, and the CPSE is awaiting clarity on payment.
The demand notice also went to non-telecom companies like Oil India, which got a notice of Rs 48,489 crore, and the GNFC got a bill of Rs 15,000 crore.
The amount is 23 percent of the PGCIL's market cap, and twice its FY20E earnings.
PGCIL would not be liable to pay Rs 22,000 cr AGR payment, says report

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