IL&FS arm’s Gurgaon metro contract stands terminated from 9 September
IL&FS arm’s Gurgaon metro contract stands terminated from 9 September Rapid MetroRail Gurgaon Limited and Rapid MetroRail Gurgaon South Limited are the two SPVs running the Gurgaon Metro Rail Project since 2013 and 2017, respectively Current Affairs :- Quick Metro Rail Gurgaon’s agreement for running Metro administrations stands ended from Monday. The unit of vexed IL&FS would, nonetheless, proceed to work and deal with the mass fast travel arrange in Gurgaon with the Haryana Mass Rapid Transport Corporation Ltd. repaying protection, activity and upkeep cost under a court mandate. Till the following date of hearing (September 17), the organization would work and deal with the Rapid Metro Rail at Gurugram on both the lines, yet subject to repayment of the protection and activity and support cost for this period by the applicants, Punjab and Haryana High Court said on Monday. The senior direction for Rapid Metro submitted during the conference that with the end of ...