Gammon Infrastructure Projects Ltd (GIPL) has said that it will buy out Sadbhav Engineering´s 20 per cent stake in the Mumbai-Nasik Expressway for Rs 72 crore.
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Private terminals get a boost
The government is seeking to shore up investor confidence in the ports sector by agreeing to allow private firms setting up container terminals to change their cargo profile either permanently or as a stop-gap measure to deal with circumstances that have rendered their facilities idle.