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.

• Infosys Declares Rs 26 Dividend as Q2 Profit Rises 6.2%
• Goa Earmarks Rs 250 Cr to Build an AI Economy Beyond Tourism
• GK Energy Wins Rs 330 Cr Solar Pump Order but Shares Fall
• CG Power Q2 Profit Jumps 44% as Shares End Slightly Lower
• NHAI Says UER-II Eases Road Trips to IGI Airport From Punjab

“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”.