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RIL’s telecom arm pays Rs 1,053 crore to DoT towards deferred spectrum dues

03 Mar 2020 Evaluate

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has paid Rs 1,053 crore to Department of Telecommunications (DoT) towards its deferred spectrum dues. Deferred spectrum dues are essentially instalment payments that are made by telcos for airwaves bought in past auctions and are separate from their AGR liabilities.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1163.55
Indian Oil Corpn. 130.00
Bharat PetroleumCorp 284.30
HPCL 339.50
MRPL 173.05
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