The Department of Telecommunications (DoT) has asked Oil India to pay Rs 48,000 crore in principal dues together with interest and penalty for using optic fibre network for internal communication. The dues sought are double the net worth of Oil India.
The company has received a demand notice for paying payments by January 23 and the company plans to challenge it in Telecom Disputes Settlement and Appellate Tribunal (TDSAT).
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
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