Friday, 09 May 2025
Skyline defaults Rs. 506 million payment to Railways

Skyline defaults Rs. 506 million payment to Railways Featured

The Railway Department is yet to take measures to recover Rs. 506 million in payments due for the commercial advertisements it has carried, reports say.

As per an agreement valid from 01 December 2011, the Department is to receive Rs. 530 million from Skyline Holdings for the advertisements.

However, the company has so far paid only Rs. 24 million.

The agreement had been cancelled due to the non-payment of the dues.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.