Highway Infrastructure Withdraws NHAI LOA, Penalty Rs26.33L

Highway Infrastructure Limited filed a SEBI Reg. 30 disclosure regarding withdrawal of NHAI contract for Venkatapalem Toll Plaza.
NHAI imposed a penalty of Rs. 26,33,000 for non-acceptance of the Letter of Acceptance.
The company withdrew the LOA as the project was not commercially valuable.
No other financial or operational impact except the penalty amount.