ILFS arm reaches pact with NHAI for Rs 252 cr settlement
IL&FS Transportation on Saturday said one of its subsidiaries has reached a pact with National Highways Authority of India (NHAI) for receiving Rs 252 crore claim.
"Jorabat Shillong Expressway Limited, a subsidiary of the Company has today entered into a Settlement Agreement with National Highways Authority of India (NHAI) for receiving a claim amount of Rs. 252.15 crore," the company said in a regulatory filing to the BSE.
The settlement was reached pursuant to the discussions held through the Conciliation Committee of Independent Experts appointed by NHAI, it said.
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First Published: Jan 18 2020 | 9:15 PM IST