Brief: GMR Power And Urban Infra Says Unit GMR Hyderabad Vijayawada Expressways To Settle All Disputes With NHAI

GMR Power and Urban Infra

28/06/2024 03:07

June 28 (Reuters) - GMR Power and Urban Infra Ltd
 GMRP.NS :
    * GMR POWER AND URBAN INFRA - STATUS OF SETTLEMENT OF CLAIMS
BY
UNIT GMR HYDERABAD VIJAYAWADA EXPRESSWAYS WITH NHAI
    * GMR POWER AND URBAN INFRA - BOTH PARTIES HAVE DECIDED TO
AMICABLY SETTLE ALL DISPUTES WITHOUT FURTHER INTERVENTION OF
COURT / TRIBUNAL
    * GMR POWER AND URBAN INFRA - SETTLEMENT WAS AGREED BETWEEN
BOTH
PARTIES AS PER WHICH NHAI TO PAY 13.87 BILLION RUPEES TO GHVEPL
AS CLAIM
    * GMR POWER AND URBAN INFRA LTD - PROJECT WILL BE HANDED
BACK TO
NHAI ON JULY 1, 2024
    * GMR POWER AND URBAN INFRA - GHVEPL HAS RECEIVED CLAIMS OF
8.5
BILLION RUPEES AS FIRST TRANCHE
    * GMR POWER AND URBAN INFRA - BALANCE OF FIRST TRANCHE MONEY
AND
TOTAL SECOND TRANCHE AMOUNT OF 5.37 BILLION RUPEES TO BE
RECEIVED ON HANDOVER DATE

Source text for Eikon:  ID:nBSE7YmNf0 
Further company coverage:  GMRP.NS 

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