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L&T faces Rs 3k cr order cut as GMR drops road project
January 11, 2013January 11, 2013by In Roads & Highways

L&T faces Rs 3k cr order cut as GMR drops road project

Larsen & Toubro faces the prospect of cancellation of one of its biggest road building contracts worth almost 3,000 crore as its client GMR Infrastructure has decided to terminate the toll road project for National Highways Authority of India (NHAI). GMR Infrastructure has pulled out of NHAI's biggest road project being set up at a cost of 7,700 crore for the six-lane Udaipur-Kishangarh-Ahmedabad segment of the national highway, citing land acquisition, environmental clearance and toll notificat