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GVK Power arm to start commercial ops of Deoli Kota road proj

By Religare
|

Leading Indian conglomerate GVK Power & Infrastructure Ltd said it's wholly owned subsidiary, GVK Deoli Kota Expressway Pvt Ltd, has received the provisional completion certificate from the competent authority to commence commercial operations of Deoli Kota road project.

In a filing to the Bombay Stock Exchange, the company said, "GVK Deoli Kota Expressway Private Ltd, a wholly owned subsidiary, has received the provisional completion certificate from the competent authority under the provisions of the concession agreement to commence the commercial operations of its 83.04 km of road between Deoli - Kota section of the National Highway No: 12 in the state of Rajasthan."

 

The company further said that the commercial operations of Deoli Kota road project will commence from August 25, 2015 by starting collection of partial toll fee from the road users.

Meanwhile, shares of the company were trading at Rs 7.41 apiece, down 4.26 per cent, from previous close on BSE at 10:45 hours.

Story first published: Tuesday, August 25, 2015, 12:20 [IST]
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