Reacting to this news, Vodafone Idea rallied 32%, followed by Bharti Infratel climbed 5% and Bharti Airtel also rose 3% in the telecom index.
The government on March 4, citing a Supreme Court order, asked Bharti Airtel, Vodafone Idea and other telcos to pay the remaining amount without a delay.
Meanwhile, the Sensex rallied 354 points at 33,133 and the Nifty rose 91 points at 9,681 levels.
Vodafone Idea Ltd is currently trading at Rs5.54, up by Rs1.34 or 31.9% from its previous closing of Rs4.20 on the BSE.
Bharti Infratel Ltd is currently trading at Rs234.90, up by Rs13.7 or 6.19% from its previous closing of Rs221.20 on the BSE.
Bharti Airtel Ltd is currently trading at Rs484.05, up by Rs19.1 or 4.11% from its previous closing of Rs464.95 on the BSE.