GVK Power & Infrastructure has terminated a road contract with NHAI in Madhya Pradesh. The tollway was to come up in Shivpuri Dewas section. But the concessionaire GVK decided to terminate the contract entered by its subsidiary with NHAI last year due to delays in securing mandatory clearances, including right of way.
Tag: Shivpuri-Dewas
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GVK terminates pact for highway project
GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the highway project in Madhya Pradesh was in line with clause 34.8 of the conc
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GVK arm bags highway project in MP
GVK Power and Infrastructure Ltd has announced that GVK Transportation Pvt Ltd, a wholly owned subsidiary, has been chosen through an international competitive bidding process to take up the four-laning of Shivpuri-Dewas section of National Highway No 3 in Madhya Pradesh.