GVK terminates expressway deal.

GVK Power & Infrastructure has informed the stock exchanges that it has terminated an agreement between the National Highway Authority of India (NHAI) and GVK Deoli Kota Expressway Pvt Ltd., a step-down subsidiary.

Following the move, GVK on Monday handed over the toll operations of the expressway to the NHAI, it added. The concession agreement had been signed in May 2011.

HBL