GVK Group wants out of 330-km highway in MP
A Few days after the GMR Group announced its intent to walk out of the 555-km long Kishangarh-Ahmedabad highway, the GVK Group has informed the National Highway Authority of India (NHAI) that it wishes to exit the 330-km long Shivpuri-Dewas highway in Madhya Pradesh. GVK had promised to pay NHAI a little under R3,000 crore (on an NPV basis, using a 10% annual discount) for the highway it was four-laning, over a period of 30 years — starting with a payment of R190 crore in the first year, the payment was to be escalated by 5% in each subsequent year.