Vodafone Idea share price zoomed 7.5% in intraday deals on Monday, August 25, taking its two-day gains to 16% amid reports of likely relief on the adjusted gross revenue (AGR) dues worth ₹83,400 crore.
Vodafone Idea share price rallied as much as 7.49% to the day’s high of ₹7.60 in intraday deals today. The stock had surged nearly 8% in intraday trade on Friday after a Mint report suggested that the Department of Telecommunications (DoT) has proposed “multiple relief options” to steady the debt-laden Vodafone Idea.
According to the report, one of the suggestions floated by DoT includes a two-year pause on paying the statutory dues under the moratorium currently.
The DoT also proposed giving Vodafone Idea more time to repay dues, smaller annual payouts, and a waiver on penalties and interest on penalties on AGR payments, the Mint report added.
How much does Vodafone Idea owe the government?
The report further said that Vodafone Idea AGR dues amount to ₹83,400 crore, with annual payments of ₹18,000 crore set to begin next March. This amount swells to a massive ₹2 lakh crore, including penalty and interest.
Meanwhile, the debt-ridden Vodafone Idea is looking to raise funds from non-banking sources to maintain continuity of its capex plan, a PTI report earlier this month said.
During the company’s earnings call for the June 2025 quarter, Vodafone Idea CEO Akshaya Moondra said that the banks are looking for clarity on the AGR matter before issuing debt to the telco.
Vodafone Idea, along with other players like Bharti Airtel, BSNL, MTNL etc., had contested claims of the Department of Telecom on the definition of AGR. After several years of litigation, the Supreme Court in October 2019 ruled in favour of the DoT and asked the telcos to clear the entire dues as claimed by the government.
(This is a developing story. Check back for updates.)
