OIL & GAS

Pradhan says does not believe SC’s AGR ruling applies to non-telecom PSUs

Oil Minister Dharmendra Pradhan on Monday said he believes non-telecom PSUs are not covered by the Supreme Court order that asked telecom licence holders to pay statutory dues after including non-telecom revenues.

Following the October 24 Supreme Court ruling that non-telecom revenues of telecom firms such as Bharti Airtel and Vodafone Idea should be included for considering payments of government dues, the telecom department sought Rs 1.83 lakh crore from gas utility GAIL India Ltd, about Rs 48,500 crore from OIL, Rs 21,953.65 crore from Power Grid Corp and Rs 15,020 crore from Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

The government’s demand from such companies was many times more than their net worth.

“The Department of Telecommunications (DoT) has served notice to government oil companies due to some communication gap. We have placed our side after doing all legal consultations,” Pradhan told reporters here.
He went on to state that neither of the public sector undertakings (PSUs) slapped with huge demand has any core work in the telecom business.

“Telecom is not the core business of either GAIL or OIL or PowerGrid,” he said, adding that they came into the telecom business thinking of multi-utility for internal consumption.

“The overall comment by the Supreme Court, I believe, these two-three PSUs should not come under its ambit… We are holding talks with DoT,” he said.

Source
ET News
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