Bharatmala to hike NHAI’s total market borrowings to Rs 2 trn by 2022: Icra

The Bharatmala Pariyojana progamme is set to raise the dependence of National Highways Authority of India (NHAI) on market borrowings. Overall market borrowings for the Bharatmala Project are estimated at Rs 2.09 trillion till 2021-22. The total capital base comprising cess fund, toll collections and TOT (toll-operate-transfer) proceeds are pegged at Rs 3.77 trillion. “At […]

Ruling Congress stops 8,493 BJP-approved infra projects in Chhattisgarh

The newly-formed Congress government in Chhattisgarh had stopped the execution of 8,493 infrastructure development projects that were approved by the previous Bharatiya Janata Party (BJP) government. “In all, 203 projects would continue while the state government had stopped further construction of 8,493 projects (that were approved by the previous BJP government),” Chief Minister Bhupesh Baghel […]

NCLAT allows 22 IL&FS group companies to service debt obligations

The National Company Law Appellate Tribunal (NCLAT) on Monday allowed 22 companies placed under the “green” category by the new board of Infrastructure Leasing & Financial Services (IL&FS) and the government to start servicing routine debt obligations, according to schedule. These debt obligations will be done within the resolution framework under the supervision of retired […]