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NHAI loses Rs 874 cr on project delays: CAG

The National Highways Authority of India (NHAI) has incurred a loss of around Rs 873.85 crore due to delay in completion of port road connectivity (PRC) projects. This was stated by the Comptroller and Auditor General of India (CAG) and it observed this while reviewing the operations of special purpose vehicles (SPVs) formed for implementation of PRC projects that connect major ports.

Komatsu net sales up 28.7%

Komatsu announced its business results for the fiscal year ended March 31, 2011 which is up by 28.7 per cent.

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