The company spends around Rs 95 lakh per month on road maintenance and employed around 450 people but now they are not able to maintain the full strength of employment post the order. Raj Bhargava, Chairman, Noida Toll Bridge Company.
Last month, the apex court had rules that the DND flyway will remain toll free and ordered an audit of Noida Toll Bridge.
In an interview with CNBC-TV18, Harish Mathur, CEO, Noida Toll Bridge spoke about the latest happenings in the company and the road ahead. He expects traffic to grow by 5% in FY12.
DND Flyway, a world-class expressway connecting Delhi to Noida, rolled back the toll hike after BJP led protestors blocked the DND toll-way. Twenty-five percent hike in private car toll rates was withdrawn.
In an interview with CNBC TV-18's Mitali Mukherjee and Udayan Mukherjee, Harish Mathur, managing director, Noida Toll Bridge said that the company is attempting to raise toll rates from February 15, 2011.
Noida Toll Bridge has declared its results for the quarter ended December 2010. It has reported net profit at Rs 9.5 crore as against Rs 8.6 crore (YoY).