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GMR Infrastructure Ltd has informed BSE that GMR Kishangarh Udaipur Ahmedabad Expressways Limited, a subsidiary of the Company, has terminated the concession agreement entered into with National Highways Authority of India (NHAI) for six-laning of 555 Km Kishangarh - Udaipur -Ahmedabad highway.
The company has indicated at the difficulty in taking up the project due to delays in securing clearances, including environmental by the NHAI.
While the company had also achieved financial closure for the project, due to delays it decided to terminate the contract.
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