Fertiliser maker GNFC asked to pay ₹15,000 crore telecom dues
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Fertiliser maker Gujarat Narmada Valley Fertilizers & Chemicals Ltd said it has been asked to pay ₹15,200 crore ($2.1 billion) in overdue fees by January 23 by India’s telecom ministry. The company said it will seek legal advice in the matter, which pertains to licenses for satellite phones and internet services held between 2005 to 2019. The amount sought it 20 times the profit made by the company this year.