IRB INFRASTRUCTURE DEVELOPERS LTD. - Updates
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| 31 May 2015 | |
| IRB Infrastructure Developers Ltd has informed BSE that the Company on May 30, 2015 has received the directions from the Government of Maharashtra:<BR><BR>1. To stop Toll Collection on (1) Mohol - Mandrup - Kamtee BOT Project and (2) Nagar -Karmala-Tembhurni BOT Project with effect from midnight of May 31, 2015;<BR><BR>2. To exempt cars and MSRTC buses from paying toll on Thane - Ghodbunder BOT Project.<BR><BR>The Company have understood from various media reports that Government has been considering closure of 12 toll plazas in the state while exempting private light motor vehicles and buses of the state transport corporation at 53 toll plazas from June 1. Hence, the Company will be complying with these directives of the Government. However the Company will also contemplate various options to protect its interests with regard to these Projects.<BR><BR>It may also be noted that these three BOT Projects cumulatively contribute less than 3% of the consolidated Toll revenues of the Company. | |
| View all announcements for IRB INFRASTRUCTURE DEVELOPERS LTD. | Source: BSE India |
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