Live
- A Guide to Temperature and Humidity Standards in Data Center Server Rooms
- Gadwal collector briefs on details of voters
- Jupally Krishna Rao takes part in Alampur rallu
- Bharath Prasad files 3rd Nomination
- Baisakh Month: A Time of Auspicious Beginnings and Sacred Festivals
- Oust BJD govt for overall development, says Shah
- Unveiling the Hidden Gems: Surprising Health Benefits of Garlic Peels
- Overcoming Sleep Struggles: A Comprehensive Guide to a Restful Night
- RTC bus hit the auto
- MLA Kuchukula Rajesh Reddy participated in the Birappa festival
AGR risk for GAIL, OIL, Powergrid stay: Fitch
India's telecom-related regulatory dispute still is event risk for GAIL, OIL and Powergrid, Fitch Ratings said on Wednesday.
New Delhi: India's telecom-related regulatory dispute still is event risk for GAIL, OIL and Powergrid, Fitch Ratings said on Wednesday.
Fitch Ratings continues to treat any payments that three India-based companies - GAIL (India) Limited (BBB-/Stable), Oil India Limited (BBB-/Stable) and Power Grid Corporation of India Ltd (BBB-/Stable) - may have to make under a demand notice from the Department of Telecom as an event risk for the companies' ratings.
Fitch is not taking immediate rating action on the three companies, as the Supreme Court of India allowed the companies to withdraw their clarification applications on February 14, 2020, and resolve their dispute with Department of Telecom outside the court. This is in stark contrast to the court's decision to demand immediate payments from the telecom companies that are also involved in the dispute, Fitch added.
