Business Standard

5 subsidiaries wiped out all FY18 profits of IL&FS, its 200-odd other arms

Subsidiaries involved in these projects had a collective loss of Rs 13.2 bn for FY ending March 2018 or 70 per cent of the consolidated loss for IL&FS of Rs 18.9 bn

IL&FS
Premium

IL&FS

Sachin P Mampatta Mumbai
A power company, a maritime infrastructure company, a metro rail project, a tunnel and a border checkpost in Madhya Pradesh wiped out more capital for beleaguered infrastructure player IL&FS than all its other activities put together.

Subsidiaries involved in these projects had a collective loss of Rs 13.2 billion for the financial year ending March 2018 or 70 per cent of the consolidated loss for IL&FS of Rs 18.9 billion.

The subsidiaries involved are IL&FS Tamil Nadu Power Company, IL&FS Maritime Infrastructure Company, Rapid MetroRail Gurgaon South, Chenani Nashri Tunnelway and MP Border Checkpost Development Company. IL&FS had either majority

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 27 2018 | 5:32 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com