NEW DELHI: Telecom major Bharti Airtel said on Saturday it paid Rs 8,004 crore towards adjusted gross revenue dues to the Department of Telecom (DoT).Earlier this month, the company had deposited Rs 10,000 crore as part of its AGR dues to the government.
With the latest payment, it has paid a total of Rs 18,004 crore.The company said after its self-assessment it has paid an additional amount of Rs 3,004 crore towards the full and final amount due over and above the ad-hoc amount of Rs, 10,000 crore paid previously." This included dues of Bharti Airtel, Bharti Hexacom and Telenor India.The telco has also paid Rs 5,000 crore as ad-hoc payment (subject to subsequent refund/adjustment) to cover the differences, if any, arising from the reconciliation exercise with the DoT.The government estimated total dues of Bharti Airtel at Rs 35,000 crore, almost double the amount it had deposited and nearly thrice the amount it pegs is due.Shares of Bharti Airtel closed down 1.46 per cent at Rs 524.05 on Friday.
The shares have gained 15 per cent year-to-date.