Vodafone Idea unveils long-term plan to repay AGR dues, to pay up to Rs 124 crore annually over next 6 years

The remaining AGR dues will then be cleared in equal annual instalments over six years, from March 2036 to March 2041.

Telecom operator Vodafone Idea on Friday outlined a schedule for repaying its telecom dues, under which a portion of its adjusted gross revenue (AGR) liabilities will be serviced at a maximum of Rs 124 crore per year over a six-year period.

In December, Reuters reported that the Indian government had approved a partial moratorium on the company's dues, freezing payments worth about $9.76 billion and pushing the bulk of repayments into the 2030s, citing a government source.

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In a stock exchange filing, Vodafone Idea said its AGR dues - including principal, interest, penalty and interest on penalty for the period from FY 2006-07 to FY 2018-19 - outstanding as of December 31, 2025, will be frozen and repaid in phases. Under the plan, the company will pay up to Rs 124 crore annually for six years from March 2026 to March 2031, followed by payments of Rs 100 crore per year for four years from March 2032 to March 2035. The remaining AGR dues will then be cleared in equal annual instalments over six years, from March 2036 to March 2041.

On December 31, the government announced that Vodafone Idea's AGR dues would be frozen at Rs 87,695 crore, with the company being given a 10-year window to make payments after a five-year moratorium.

The government, which holds a 49 percent stake in Vodafone Idea and is its largest public shareholder, had said in an official cabinet note that the move would facilitate an orderly repayment of dues while safeguarding the interests of the company's nearly 20 crore customers.

Shares of Vodafone Idea were trading about 3 percent higher in early trade on Friday at Rs 11.85.