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Reliance Infra Shares Up on Commencement of Toll Revenues

  • Shares in Reliance Infrastructure rose as much as 3.4 percent on news that the company has completed the Rs 6 billion, 90 km Trichy-Dindigul road widening project in Tamil Nadu and that toll collections would start from Wednesday, dealers said.The contract, executed on a build-operate-transfer (BOT) basis, has a concession period of 30 years, the company said in an email to Reuters.This move is EBITDA-positive for FY13, dealers said. At 12.50 p.m., the shares were up 2.8 percent at Rs 409.50 .

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