Noida Toll Bridge Company has executed a Settlement Agreement with South Delhi Municipal Corporation (SDMC) for resolving the disputes between SDMC and the company. This settles the dispute between the company and SDMC relating to display of Outdoor Advertisements within SDMC jurisdiction.
Through this agreement, SDMC has granted approval to display outdoor advertisements for maximum display area of 31,000 square feet on the South Delhi Side of DND Flyway, for an initial period of 5 years, which may be extended by another 2 years period, on the terms and conditions as agreed between SDMC and the company.
Noida Toll Bridge Company is an infrastructure company. The company’s principal business activities consist of toll revenue and space for advertisement.