PSU stocks jump after Supreme Court asks DoT to reconsider AGR dues, Bharti Airtel and Vodafone Idea tank© business-standard.com

PSU stocks jump after Supreme Court asks DoT to reconsider AGR dues, Bharti Airtel and Vodafone Idea tank

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New Delhi: The Supreme Court on Thursday heard the Department of Telecom’s Adjusted Gross Revenue (AGR) case and termed as totally impermissible’ the demand by the DoT for dues of Rs 4 lakh crore in the AGR from PSUs. During the hearing, the top court said the DoT must consider withdrawing it. However, the matter has been adjourned for Thursday. Also Read - Palghar Lynching: SC Seeks Maharashtra Govt's Response Over Plea Seeking CBI Probe

Appearing for the DoT, Solicitor General Tushar Mehta told the bench that it would file the affidavit explaining as to why the AGR demands were raised against the PSUs.

The top court also asked private telecom operators to file affidavits giving details as to how they will pay the AGR dues.