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Vodafone Idea Doubled In A Month But AGR Case Outcome Is Key

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Vodafone Idea Doubled In A Month But AGR Case Outcome Is Key

Mumbai: The outcome of the adjusted gross revenue (AGR) case, which will be heard in the Supreme Court on Thursday, will decide the course for telecom shares, mainly Vodafone Idea, which has more than doubled in the last one month. The hearing may include the government’s application that telcos be allowed to spread the payment of their dues over 20 years or less. Analysts said if the court asks companies to pay sooner, it could bring the rally in these shares to a screeching halt.

“If they get any time period lesser than 15-20 years to pay AGR dues they won’t have much money to invest in 4G CAPEX. This would have implications on market share as without such investments they would end up losing market share,” said Rajiv Sharma, head of research at SBICAP Securities, which has kept its rating on Vodafone Idea under review. “If they have to pay everything up front, then Vodafone Idea may decide to shut down and they may get referred to NCLT (the National Company Law Tribunal) .

The telecom operator has paid Rs 6,854 crore out of the Rs 58,254 crore it owes the government in AGR dues. The stock ended up 7.34 percent at Rs 10.82 on Wednesday. It has surged 136 percent from 4.58 level a month ago. In comparison, peer Bharti Airtel’s shares are up 6 per cent in the last one month.

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The rally in Vodafone Idea shares has been amid dipping delivery volume, suggesting long-term investors remain skeptical about its debt levels and AGR dues.

Data compiled by ETIG Database shows that the delivery volume percentage in the last week was close to 23 percent and was 26.9 percent in the last one month. This is similar to the 3-month average delivery volume of 28.6 percent and a 6-month average delivery volume of 28.54 per cent.

“It points to speculation activity in the counter. The Telecom sector looks good and the stock is moving because other telecom giants are rallying. One can sell the Vodafone stock on the further rally,” said Chandan Taparia, derivatives analyst at Motilal Oswal.

News Source: EconomicTimes

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Construction Infrastructure

Greater Noida Land hurdle cleared for road linking Knowledge Park 3 with LG chowk

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Greater Noida Land hurdle cleared for road linking Knowledge Park 3 with LG chowk

The Greater Noida authority is set to issue a tender to finalise a contractor to build a 1.5km stretch of a key road connecting LG Chowk to the education hub in sector Knowledge Park 3. The private firm owning the land has agreed to give it away for the road project after 15 years of negotiations. The authority will build a central verge, drainage network, horticulture.

work to beautify the road, which has witnessed frequent road accidents due to its half-built state. The authority will issue a tender to finalise a contractor, approving a budget of ₹31 crore for the project. The road is expected to take six months to build, as the current road is half-built from the education hub to LG Chowk and the other half is not built due to land issues.

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Greater Noida is set to build a bridge across the Hindon river, connecting the education hub road to Noida’s busy areas. The work has been expedited after resolving a land dispute, as the road will witness heavy traffic once the bridge is ready. The authority will build a central verge, drainage network, and horticulture work to beautify the road, which has experienced frequent.

Road accidents due to its half-built nature. Once the bridge is completed, commuters will travel through the road with ease and reach Noida from Greater Noida in five minutes. The bridge and road stretch will alleviate the need for commuters heading towards LG Chowk and Surajpur to traverse the Noida-Greater Noida Expressway up to Pari Chowk, reducing travel.

Distance by at least 10 kms and easing congestion around Pari Chowk The Greater Noida Authority has resolved a longstanding land acquisition issue, paving the way for the construction of a crucial 1.5 km road linking LG Chowk to Knowledge Park 3. This development is expected to significantly alleviate traffic congestion at Pari Chowk.

  • Project Overview: The proposed six-lane road will feature three lanes in each direction, service roads, a central verge, and a comprehensive drainage system. These enhancements aim to improve traffic flow The road is being connected with Noida’s sectors 144, 145, and 146 through a new and do bridge being built across Hindon and enhance connectivity between key educational hubs in the region and reduce waterlogging during the monsoon season.
  • Land Acquisition Resolution: The land, previously owned by Super Cassettes Industries Ltd (T-Series), was a major bottleneck for the project. After extensive negotiations, the company has agreed to provide the necessary land for the road construction. Under the agreement, T-Series will retain 40% of the undeveloped land against external development fees, while the Greater Noida Authority will acquire.
  • Impact on Commuters: The new road is anticipated to benefit approximately 5 lakh people, providing a smoother and more efficient route between Knowledge Park 3 and LG Chowk. This will not only ease daily commutes but also support the region’s growing educational and commercial sectors This initiative reflects the Greater Noida Authority’s commitment to enhancing urban infrastructure.
  • A major hurdle has been cleared for the construction of a crucial 1.5 km road linking Knowledge Park 3 with LG Chowk in Greater Noida. The road aims to ease traffic congestion connectivity in the region, particularly benefiting the educational hubs.
  • The road project, designed to be a six-lane road with three lanes in each direction, will feature service roads, a central verge, and an efficient drainage system. These improvements are expected to enhance traffic flow and reduce waterlogging during the monsoon season, contributing to smoother commutes for the local population.
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

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