Stocks

IRB Infra arm loses road project

| Updated on January 16, 2018 Published on October 07, 2016


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.

Published on October 07, 2016
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