Sadbhav Infrastructure Projects provides update on SPV Sadbhav Tumkur Highway

Sadbhav Tumkur Highway executes supplementary agreement to concession agreement with NHAI

Sadbhav Infrastructure Projects announced that Sadbhav Tumkur Highway, a wholly owned subsidiary of the company or SPV, has executed Supplementary Agreement to Concession Agreement with National Highways Authority of India (NHAI) towards termination of Concession Agreement dated 4 May, 2018 due to non-availability of required 80% of right of way by NHAI within stipulated time period.

With this, Concession Agreement with NHAI dated 4 May, 2018 shall cease to be in existence and will be treated as terminated with mutual consent of the parties without any outstanding claims on each other.

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