GVK Power & lnfrastructure has informed that the in terms of the Concession Agreement signed with the National Highways Authority of India (NHAI) by the Concessionaire (GVK Jaipur Expressway, a step-down subsidiary of the Company), the last day of the 20 year term of Concession Period is concluding on 16th March,2023. However, the NHAI had extended this last day by 24 days up to 9th April, 2023 to recover the losses incurred by this company during the Country wide lock down period in 2020 to prevent Covid-19 Pandemic. From 10th April, 2023 onwards, operations of this road project will be taken over by NHAI from the Concessionaire.
The above information is a part of company’s filings submitted to BSE.
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