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IRB Infrastructure Developers on Friday said the Maharashtra State Road Development Corp had terminated the Mumbai-Pune Phase II project awarded to its arm, Mhaiskar Infrastructure Pvt Ltd, in September 2014. The order included operation and maintenance of the Yashwantrao Chavan Expressway and Mumbai-Pune section of National Highway-4, along with toll collection rights. The stock of IRB Infra may react negatively to the development.
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