(BS)
With Life Insurance Corporation and ICICI Bank insisting on exiting Indian Highways Management Company Ltd (IHMCL), the National Highways Authority of India (NHAI) is likely to wind up the company, constituted five years ago to carry out electronic tolling and other ancillary works for it. These institutions, along with State Bank of India, hold 24.81 per cent stake in the company but do not see enough return from it. IHMCL implemented the FASTag electronic tolling of national highways, but due to technical glitches, the ministry of road transport and highways is mulling the option of offering this job to a Korean company.
