Road developers surge after NHAI defers payments

Tags: Companies
Shares of road developers surge after National Highway Authority of India Chairman R.P. Singh said "premium repayments have been deferred for many projects," in an interview to a news channel on Monday.

Larsen & Toubro gains 2.6 percent, IRB Infrastructure Developers jumps 10.4 percent, Sadbhav Engineering rises 7 percent, while Reliance Infrastructure is up 2.6 percent.

"Bank dues are getting precedence over our dues," Singh added.

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