Positive SC verdict on AGR could save telcos Rs 50K cr

With the Supreme Court on Monday agreeing to hear Vodafone Idea’s curative petition for correction of alleged errors in adjusted gross revenue (AGR) dues, analysts say a positive verdict could reduce the liability of the telecom operator by 50%.

Similar relief is expected for Bharti Airtel. Collectively, such a ruling could lead to a benefit of over Rs 50,000 crore for the telecom operators, according to analysts. On Tuesday, shares of Vodafone Idea rose as much as 6% during the day before closing 0.7% higher at Rs 16.8 on the BSE. Shares of Airtel closed 2% higher at Rs 1,466.