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GVK Deoli Kota Expressway hands over toll operations to NHAI

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GVK Power & Infrastructure announced that previously, GVK Deoli Kota Expressway, a step down subsidiary of GVK Power & Infrastructure, has exercised its rights and issued a notice of termination in terms of concession agreement dated 17 May 2011 to the National Highways Authority of India (NHAI) for termination of the concession agreement on account of material breach and defaults on part of NHAI.

In continuance to the above, GVK Deoli Kota Expressway has handed over toll operations of the said project to the NHAI on 16 September 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 16 2019. 18:44 IST