Bharat Road Network Limited has informed the Exchange about General Updates - update regarding Guruvayoor Infrastructure Pvt Ltd - revocation of suspension on collection of user fees at Paliyekkara Toll Plaza
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Awaiting price reaction for this filing.
Bharat Road Network Limited has informed that the suspension on collection of user fees at the Paliyekkara Toll Plaza, operated through its subsidiary/associate Guruvayoor Infrastructure Pvt Ltd, has been revoked. This means toll collection, which had been halted, can now resume at the plaza. The Paliyekkara Toll Plaza is a key toll road asset, and the restoration of fee collection is expected to bring back the associated revenue stream for the company. No specific financial figures were disclosed in the announcement.
Positive for shareholders as the resumption of toll collection at Paliyekkara will restore a revenue stream that had been disrupted. This should improve cash flows for the Guruvayoor Infrastructure unit and, by extension, Bharat Road Network's earnings going forward.