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GMR OSE Hungund Hospet Highways project starts toll collection
Source: IRIS | 19 May, 2014, 11.08AM
Rating: NAN / 5 stars.
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GMR Infrastructure announced that the achievement of commercial operation of  the  balance  highway  of  15  kms  of  Hungund  - Hospet  road  project  on  National  Highway  13. 

This  marks  the commencement of collection of toll at Toll Plaza 3. The project has earlier achieved commercial operation of two Toll Plazas during November 2012 and has now completed the balance highway after land clearances.
 
The  project  is  expected  to  generate  additional revenue of about Rs 1 million per day.   

Shares of the company gained Rs 1.9, or 6.71%, to trade at Rs 30.20. The total volume of shares traded was 1,559,397 at the BSE (11.00 a.m., Monday).

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