1 Aug 2022 , 02:37 PM
Earlier, the company declared November 11, 2021, as the Provisional Commercial Operation date, with the first annuity payable in May 2022, i.e., six months later.
As per the company, the completion cost is around Rs1,719.20 crore.
The company further stated that it has entered into a definitive agreement for divestment of its holding in securities of Special Purpose Vehicles (SPVs) of operating road assets and the Project is part of the proposed divestment.
As per the latest status, out of the Company’s total developer road portfolio of 8 projects worth approximately Rs12,000 crore, 6 projects worth Rs8,500 crore are now revenue-generating, with three projects receiving the Completion Certificate and the remaining three achieving PCOD.
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