Today, the gross revenue of Tata Communication Ltd (TCL) led to Rs 645 crore, which is less than to levy of licence fees during the period 2006-07 to 2017-18, as per the Comptroller and Auditor General of India (CAG). The amount which needs to be recovered from Tata Communication Ltd.

• Natco Pharma Gets CDSCO Nod; Shares Rally 12.5%
• Lodha Developers Buys Solidrise for Rs 300 Cr; Shares Jump 1.5%
• Stocks in Focus: Garden Reach Shipbuilder, Hindustan Copper, and Others
• Stocks Under F&O Ban: Sammaan Capital, and Others 
• Overnight Stock Market Movements: Key Developments 

“Audit scrutiny of Audited AGR Statements concerning Profit & Loss Statements and Balance Sheets in respect of NLD, ILD and ISP-IT licenses of TCL for the period from 2006- 07 to 2017-18 revealed that there was an under-reporting of Gross Revenue (GR) by Rs 13,252.81 crore and consequent short levy of LF (licence fee) of Rs 950.25 crore,” it said.

According to the CAG report, the telecom department only levied Rs 305.25 crore as an LF. The estimated revenue for the delay in allocation of the E and V band spectrum is “only an indicative figure, and the expected actual revenue could be higher”.