Kochi Metro standoff with Apollo Tyres

कोच्चि Kochi: The Kochi Metro project may encounter delays following a dispute between Kochi Metro Rail Limited and M/s PTL Enterprises (Apollo Tyres). Kochi Metro Rail Corporation Ltd is opposing the move to pay Rs 27 Crore for 1.5 acres owned by M/s PTL Enterprises in Kalamassery, saying it was earlier given to the company by the government at a nominal rate and hence ineligible for compensation based on market value.

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