Comments
Ramky Infrastructure Ltd has commenced commercial operations (tolling activities) at the four-lane Narketpally-Addanki-Medarametla Road (State Highway-2) in Andhra Pradesh with effect from March 11, 2014.
The tollway road project was awarded to the joint venture of Ramky Infrastructure Ltd and IL&FS Transportation Networks Ltd in the ratio of 50:50 by the Andhra Pradesh Road Development Corporation.
According to a statement to the exchanges, the project is based on toll collection with a concession period of 24 years including 2½ years of construction period.
To ease the liquidity concerns, the company's board of directors last month discussed the possibilities of sale of some of its operational road assets.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.