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Bangalore-based group

Govt to introduce relief package for highway companies

Govt to introduce relief package for highway companies
National Highways Authority of India (NHAI) is seeking to push a relief package for road developers as many are under stress and are finding it tough to raise debt and equity to finance projects they had bagged by offering to pay a premium. Now the agency is looking to get approval for a staggered payment which will [...] Continue Reading »

Legal action to be taken against GMR by NHAI

Legal action to be taken against GMR by NHAI
New Delhi- With the GMR group walking out of the Kishangarh- Udaipur-Ahmedabad project slated for 16 months after securing the order has invited trouble as the National Highways Authority of India (NHAI) may take legal action against GMR Group. An estimated investment of about  Rs 5,387 crore was expected for the project.This project with an annual premium of 26 years and [...] Continue Reading »



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