ADVERTISEMENT

GVK seeks Rs 180-crore refund for surrender of gas blocks

GVK Infrastructure on Thursday said it is negotiating with the government for a refund of Rs 180 crore spent on seven deep-water exploration blocks, which were surrendered last year, a senior group official said. The company may also take a legal recourse if the government does not heed to the claim, the official said. "There is a minimum work program (with regards to development of these blocks). The expenditure associated w...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit