GVK Power & Infrastructure’s (GVKPIL) step down subsidiary -- GVK Deoli Kota Expressway has handed over toll operations of the project to the National Highways Authority of India (NHAI) on September 16, 2019.
Earlier, GVK Deoli Kota Expressway had exercised its rights and issued a notice of termination in terms of the concession agreement dated May 17, 2011 to NHAI for termination of the concession agreement on account of material breach and defaults on part of NHAI.
GVKPIL is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.
Company Name | CMP |
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NTPC | 346.90 |
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Power Grid Corp | 284.60 |
Adani Power | 602.45 |
Torrent Power | 1502.95 |
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