IL&FS’ contract to build Zojila tunnel scrapped

The work on Z-Morh tunnel in Jammu and Kashmir, which was also bagged by the troubled infrastructure major, has been stuck since last July. The state-owned National Highways and Infrastructure Development Corporation (NHIDCL), which is responsible for building highways in hill states and north-east, has served a termination notice to the IL&FS for no progress in this 6-km tunnel project.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2AQPaFQ

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