Ashoka Buildcon, PNC Infratech, IRB Infra gain after NHAI resumes toll collection

As per media reports, the toll collection on National Highways across the country has been resumed from today, in line with government directives, a move which is being opposed by transporters.

Apr 20, 2020 03:04 IST India Infoline News Service

Shares of Ashoka Buildcon, H.G. Infra, PNC Infratech, IRB Infra, Reliance Infrastructure, MEP infra and NHAI soared over 5% on the BSE after NHAI resumed toll collection on National Highways from today.

As per media reports, the toll collection on National Highways across the country has been resumed from today in line with government directives, a move which is being opposed by transporters.

National Highways Authority of India (NHAI), as well as highway developers, resumed collection at toll plazas.

The central government on March 25, had announced the temporary suspension of toll collection following directives by the Ministry of Home Affairs in the wake of coronavirus (Covid-19) pandemic.

Highways developer IRB Infrastructure Developers said all its Special Purpose Vehicles (SPVs) "have resumed their toll collection from 00.00 hours today" in line with the NHAI directives.

Shares of Mep Infra gained after its subsidiary has received the Letter from the MSRDC Authority to resume collection of toll with effect from April 20, 2020, at Toll Plazas of Five Mumbai Entry Points viz. Airoli, Mulund-EEH and Mulund-LBS Toll, Vashi and Dahisar Toll Plazas.

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