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FINWIRES

B.R. Goyal Infra to Exit NHAI Fee Plaza Operations

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B.R. Goyal Infrastructure (BOM:544335) decided to hand over operations of the Salemgarh fee plaza in Uttar Pradesh, India, to the National Highways Authority of India, according to a Monday filing with the BSE.

Shares of the company were up around 1% at market close on Tuesday.

The decision follows a review of the project's operational and financial performance, which was found commercially non-viable, the company said.

The handover is scheduled for May 20, B.R. Goyal Infra said.

The contract was awarded in February.

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