Vodafone Idea share price rallies 4%: Centre may finalise relief measures soon; Indus Towers up over 1%

The stock jumped as much as 3.9% to ₹10.32 in the early trade on the NSE.

The minister noted that the ministry is currently examining the legal boundaries set by the court. “Judgement needs to be evaluated from a point of view of what can be done and what cannot be done. We cannot cross the border of the SC judgement."

Scindia suggested that the government may complete its assessment and issue recommendations within the next couple of weeks, with the details of the relief package likely to be announced by year-end.

What happened in November 2025?

In November 2025, in a major relief to Vodafone Idea, the Supreme Court said that the Centre can reconsider and reconcile the telecom company's pending dues of all adjusted gross revenue, and it will not be restricted to AGR dues for the financial year 2016-17.

On October 27, the bench had said that the "prayer in the petition itself restricts its claim only to the additional AGR demand raised by the respondent for the period up to the Financial Year 2016-17."

A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran was urged by the counsel for the telecom firm that it wanted a correction in the October 27 order.

There's an error in Para 6 where the order said we only asked for relief against additional AGR dues. "We had made a composite prayer against additional AGR and the reassessment of all AGR dues," the lawyer said.

The top court clarified that the telecom firm had asked for relief on both additional Adjusted Gross Revenue (AGR) dues and on the reassessment of all similar dues.

Additional AGR dues of the telecom firm are to the tune of ₹9,450 crore, and total AGR demand is over ₹83,500 crore as of March 2025.

The clarification of the earlier order now paves the way for the Centre to grant relief to the telecom firm against all AGR dues.

Earlier, the top court allowed the Centre to reconsider and reconcile the telecom company's pending adjusted gross revenue dues amounting to ₹5,606 crore for 2016-17.

Indus Towers in focus

Shares of Indus Towers were also trading over 1% higher at ₹401.20 apiece on the NSE following the news, as Vodafone Idea is one of Indus Towers’ largest customers. Indus Towers provides telecom tower infrastructure — the towers on which mobile operators place their network equipment.

Vi rents thousands of towers from Indus to run its mobile network.

This means Indus Towers’ revenues partly depend on Vi’s ability to pay and maintain/expand its network.

Hence, positive news for Vodafone Idea will benefit Indus Towers too.