JKM Infra Projects Ltd. has acquired a 49% stake in KNR Muzaffarpur-Barauni Tollway Pvt. Ltd. KNR is developing the Rs. 359 Crore road project in Bihar, for which it has achieved financial closure. It is being financed with equity of Rs. 109 Crore and a debt component of Rs. 250 Crore.
The Motor Vehicle Act of 1988 is a comprehensive Act that has replaced the Motor Vehicle Act, 1939. It was implemented on 1st July 1989. The first Act that came in force regulating the road transport More
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