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Road Developers Up on Highway Byte

  • Shares in road developers rose after Finance Minister Pranab Mukherjee said 8,800 kilometres of national highways will be developed under the National Highways Development Project in 2012-13, traders said.The government also announced plans to double the allocation for tax-free bonds to 600 billion rupees to finance infrastructure projects in the next fiscal year.IRB Infrastructure rose 3 per cent, while Reliance Infrastructure, and HCC were up over 1.5 per cent each.

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