GMR announces completion of Chennai Outer Ring Road proj.

GMR Infrastructure announced completion of Chennai Outer Ring Road Phase 1 project in Tamil Nadu, saying this will add Rs. 118 crore every year to the cash flow of the company.

GMR has won the 29.65 km project through international competitive bidding.

'GMR Highways is pleased to announce the completion of Chennai Outer Ring Road Phase I Project. Government of Tamil Nadu and all concerned agencies issued a provisional Certificate for Completion.... This milestone will add to the cash-flow of GMR by Rs. 118 crore every year for the next 17 and half years,' the company said in a statement.

BS