GVK terminates expressway deal

Our Bureau Hyderabad | Updated on September 16, 2019 Published on September 16, 2019

GVK Power & Infrastructure has informed the stock exchanges that it has terminated an agreement between the National Highway Authority of India (NHAI) and GVK Deoli Kota Expressway Pvt Ltd, a step-down subsidiary.

Following the move, GVK on Monday handed over the toll operations of the expressway to the NHAI, it added. The concession agreement had been signed in May 2011.

Published on September 16, 2019
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