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

Govt Spends ₹7,253 Crore On Railway Station Redevelopment Under Amrit Bharat Scheme

Govt Spends ₹7,253 Crore On Railway Station Redevelopment Under Amrit Bharat Scheme

Clean Max Enviro Energy Files Updated DRHP For ₹5,200 Crore IPO, Issue Likely To Open In 3rd Week...

Clean Max Enviro Energy Files Updated DRHP For ₹5,200 Crore IPO, Issue Likely To Open In 3rd Week...

Sensex Jumps 447 Points, Nifty Gains 153 After RBI’s 25 bps Cut, Markets Cheer Softer Inflation...

Sensex Jumps 447 Points, Nifty Gains 153 After RBI’s 25 bps Cut, Markets Cheer Softer Inflation...

SEBI Bans Financial Influencer Avadhut Sathe From Stock Markets, Freezes His Accounts & Orders To...

SEBI Bans Financial Influencer Avadhut Sathe From Stock Markets, Freezes His Accounts & Orders To...

RBI’s ₹1 Lakh Crore Bond Buying and $5 Billion Swap, What It Means For Markets & The Common Man...

RBI’s ₹1 Lakh Crore Bond Buying and $5 Billion Swap, What It Means For Markets & The Common Man...