After SC AGR relief, Vodafone Idea shifts focus from survival to growth: KM Birla

The Supreme Court judgement on Adjusted Gross Revenue (AGR) liabilities of telecom operator Vodafone Idea has been a ‘decisive turning point’, enabling the company to look beyond survival, with focus on sustainable growth, Aditya Birla Group Chairman KM Birla said.

In an annual note, Birla said the Vodafone Idea experience underlines his belief that “Tough Times Don’t Last. Tough Companies Do.” “With long-standing uncertainty removed through the clarity of the Honourable Supreme Court’s judgment and the government’s decisive intervention, the operating environment has fundamentally changed. For the first time in years, the fog has cleared, allowing the business to look beyond survival and focus on sustainable growth,” Birla said.