Thursday, September 17
New Delhi: The Department of Telecom has issued a "show-cause-cum-demand notice" of about Rs 7,800 crore to Tata Communications over adjusted gross revenue dues, according to an official note by the company. The demand has been raised by the Department of Telecom (DoT) for adjusted gross revenue (AGR) from 2005-06 till 2023-24, as per the note dated July 17. "As at June 30, 2025, the company has received 'Show Cause-cum Demand Notices' ('demand notices') from Department of Telecommunications of India aggregating to Rs 7,827.55 crore for financial years ranging from FY 2005-06 to FY 2023-24, which have been revised over a period of time," Tata Communications Managing Director AS Lakshminarayan said. He said the demand notices include Rs 276.68 crore towards disallowance of deductions claime
Vedanta Ltd. awards Rs 865 crore integrated service contract to Asian Energy Services Ltd., AESL announced on Sunday.The contract is awarded for field development and Operations & Maintenance (O&M) contract. The total contract value is Rs 865 crores, including GST.The mentioned integrated service order will be executed by Asian Energy Services Ltd. over a span of 57 months, the company said in a stock exchange filing.“We are honoured to receive Integrated Service Contract for field development and Operations & Maintenance (O&M) contract from Vedanta, one of our valued and long-standing clients," said Kapil Garg, MD, AESL.Integrated O&M remains a core area of focus at Asian Energy Services and a key growth driver, he added.Since its acquisition by Oilmax Energy Private
