Collateral damage? PSU majors stare at huge AGR bill after SC's judgment

The government has set up a committee of secretaries to look into all issues

Some of India’s top public-sector companies holding telecom service licences, which include GAIL India, Power Grid Corporation, Oil India, Delhi Metro, and RailTel, are seeking clarification from the Department of Telecom (DoT) as they may face a huge financial burden in the wake of the Supreme Court’s judgment on adjusted gross revenue (AGR).

Last month, the apex court ordered all telecom service operators to pay the past licence and spectrum dues in accordance with the annual AGR calculation formula used by the government.

While a section of the legal fraternity said these PSUs are among the 40 companies which would have to