L&T arm may exit two 'unviable' highway projects.

Larsen and Toubro Infrastructure Development Projects may cancel two Maharashtra road projects with a combined cost of about Rs. 4,500 crore as they have turned financially unviable.

The L&T arm has already discussed this with the National Highways Authority of India (NHAI), multiple sources confirmed to Business Line.

However, NHAI is asking the company to wait until the elections are over and a new government steps in before taking a final call.

The two projects involved widening of 485 km of carriageway on two highways: Amravati-Jalgaon and Jalgaon-Gujarat/Maharashtra border. They were valued at Rs. 2,538 crore and Rs. 1,968 crore, respectively, three years ago. Now, the costs have shot up further.