IRB Infrastructure Developers temporarily halts toll collection activity on IRDP Kolhapur BOT Project

28 Feb 2014

IRB Infrastructure Developers has temporarily halted toll collection activity on the IRDP Kolhapur BOT Project after Bombay High passed an interim order in response to Public Interest Litigations (PIL) filed by some Kolhapur residents and Toll Virodhi Kriti Samiti.

The detailed order of the High Court is awaited. The company will proceed in this matter after consultation with our Legal Counsels. 

The company had executed obligation as per the tender conditions and Concession agreement for the Project. The Company will re-commence toll collection in near future.

IRB Infrastructure Developers undertakes development of various infrastructure projects in the road sector through several special purpose vehicles

Related IRB Infrastructure Developers Ltd. Links:

IRB Infra.&Developer Share Price

103.10 -1.50 (-1.43%) May 06, 14:33
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1339.40
Rail Vikas Nigam 28.50
KEC International 370.75
NCC 73.60
PNC Infratech 219.90
View more..
Sensex vs IRB Infra.&Developer
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback