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IL&FS subsidiary receives Rs 1,804 crore from NHAI as settlement

There is a pending settlement of Rs 902 crore for the Khed Sinnar Expressway project and Rs 171 crore for Amravati Chikli Expressway from NHAI

Topics
IL&FS Transportation | NHAI

Megha Manchanda  |  New Delhi 



investment, spending, funds, stocks, market
According to the ministry’s guidelines in March 2019, for incomplete or stalled projects, authorities would be able to foreclose the project’s concession agreement

An arm of IL&FS has received Rs 1,804 crore as claim settlement from the National Highways Authority of India (NHAI). This will help the subsidiary address its Rs 3,500-crore debt.

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First Published: Sun, April 04 2021. 23:43 IST

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