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IL&FS receives 14 binding bids from multiple bidders for 10 road assets

Jharkhand Infrastructure Implementation Company is the only green asset that has received a binding bid

IL&FS
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Subrata Panda Mumbai
Infrastructure Leasing and Financial Services (IL&FS) has received binding bids from multiple bidders for 10 of its road assets under the roads transportation vertical. 

IL&FS has received 14 binding bids for its road assets across three categories — green, amber and red. These 10 road assets accounted for 19 per cent of the total debt of the beleaguered group, with debt to the tune of Rs 17,700 crore. 

Jharkhand Infrastructure Implementation Company (JIICL) is the only green asset that has received a binding bid.

Among the amber assets, five road projects that have received bids include Jharkhand Road Projects Implementation Company (JRPICL), Moradabad

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First Published: Aug 31 2019 | 1:02 AM IST

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