Tata Sons Chairman N.Chandrashekhar meets telecom minister amid AGR crisis

Tata Sons Chairman N.Chandrashekhar meets telecom minister amid AGR crisis

Emerging from the meeting which lasted for over 30 minutes, Chandrasekaran declined to comment on the details of his discussion.

AgenciesUpdated: Tuesday, February 25, 2020, 11:04 PM IST
article-image
Tata Sons chairman N Chandrashekaran | Twitter

Amid the ongoing AGR crisis, Tata Sons Chairman N Chandrasekaran on Tuesday met Communications Minister Ravi Shankar Prasad, even as an official said the telecom ministry is prepared to issue a notice to the company for paying only part of its dues as full and final settlement.

Emerging from the meeting which lasted for over 30 minutes, Chandrasekaran declined to comment on the details of his discussion.

The crucial meeting comes at a time when the government is looking to issue a detailed notice to Tatas for paying only Rs 2,197 crore as full and final settlement against government's calculation of Rs 14,000 crore.

A senior government official said that the telecom department is not convinced with the company's dues assessment.

A notice will be sent to the company in a day or two questioning the company's AGR calculation.

RECENT STORIES

Maharashtra Government's Water Resources Department Inks MoUs For Hydroelectric Projects, Pouring...

Maharashtra Government's Water Resources Department Inks MoUs For Hydroelectric Projects, Pouring...

US Fed Meeting: Jerome Powell-led FOMC Cuts Key Interest Rates To 3.50%-3.75% Amid Elevated...

US Fed Meeting: Jerome Powell-led FOMC Cuts Key Interest Rates To 3.50%-3.75% Amid Elevated...

Elon Musk Reaffirms Starlink’s Commitment To India As Company Officials Meet Union Minister...

Elon Musk Reaffirms Starlink’s Commitment To India As Company Officials Meet Union Minister...

Adani Electricity Wins All 15 ‘Gold’ Awards At QCFI’s 39th Annual Quality Convention

Adani Electricity Wins All 15 ‘Gold’ Awards At QCFI’s 39th Annual Quality Convention

Akasa Air Inducts 31st Boeing 737 MAX; To Receive Delivery Of 195 Aircraft Over Next 7 Years

Akasa Air Inducts 31st Boeing 737 MAX; To Receive Delivery Of 195 Aircraft Over Next 7 Years