CORPORATE
Vi all geared up to triple cash flow in three years to meet capex requirement
- IBJ Bureau
- May 19, 2026
Vodafone Idea (Vi) has pinned hopes on its target to triple cash flow and generate over Rs 1 lakh crore required in the next three years.
The cash flow includes new loans, tax refunds and a fresh capital infusion from promoters, Vi Chief Financial Officer (CFO) Tejas Mehta has said.
The telecom company aims to spend Rs 45,000 crore in capital expenditure (capex) to improve its network and remain competitive in the market.
Besides, Vi has a liability over spectrum of Rs 49,000 crore payable over the next three years and another Rs 5000 crore to Rs 6,000 crore to service debt.
During the company's earnings call, Mr Mehta has expressed confidence that the company will be able to achieve the target and meet the cash requirement comfortably without any further conversion of statutory debt into equity.
“I am starting this year with a cash balance of more than Rs 3,500 crore. Now, let me look at the cash sources for the next three years. We want to look at really tripling our EBITDA...that gives me a cumulative cash EBITDA between FY27, FY28 and FY29 of about Rs 60,000 crore,” Mehta has added,
He has said that the company is in the process of raising Rs 25,000 crore and rolling over a letter of credit facility, which will support Vi with cash of another Rs 35,000 crore.
“On top of that, we have the CLAM settlement, and we have had confidence in our Income Tax refund that we have also shown in the past. That amount itself will be another Rs 10,000 crore. That gives you Rs 1.05 lakh crore plus the opening balance. Now, what you see in terms of promoter inclusion will actually go on top of an already positive cash flow,” Mr Mehta adds.
Vi has also received around Rs 5,836 crore from the Vodafone Group as a part of the re-settlement of a liability claim pact between the two companies.
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