Mumbai: Two subsidiaries of IL&FS Transportation Networks Ltd (ITNL) have decided to stop debt repayments and have sought refunds of debt repaid after 15 October, India Ratings said Tuesday, warning such action would lead to a default rating and threaten infrastructure project finance using special purpose vehicles.
Rating agency Icra Ltd’s forecast of a double-digit growth in toll collections during FY20 signals better times for road developers. It paves the way for higher revenue growth and improved cash flows, particularly for firms with operational road assets.
Mumbai: Essel Infraprojects Ltd is in talks with infrastructure developers and private equity (PE) companies to sell a part of its roads portfolio, three people close to the development said.
New Delhi: The Ministry of Road Transport and Highways (MoRTH) touched a record 31.87 kilometre per day average of national highway construction in December. “In the month of December, the highway construction under the Ministry of Road Transport and Highways was 956 kilometres, giving an all-time high average of 31.87 kilometres per day of road…
Mumbai: Infrastructure Leasing and Financial Services Ltd (IL&FS) has received over 30 expressions of interest (EOIs) for its road assets, which are being scrutinised, the infrastructure financier said on Wednesday in a press note.
New Delhi: In an attempt to make tolling electronic across all toll plazas on both national and state highways in India, the road ministry along with National Highway Authority of India (NHAI) is ready to bear the 50% of capital expenditure for setting up the systems.
New Delhi: Consumers will soon be able to buy petrol and pay parking fees using FASTags, the electronic toll collection system. Nitin Gadkari, the minister for road transport and highways, on Monday launched new bank-neutral FASTags issued by Indian Highways Management Company Ltd (IHMCL).
Mumbai: With liquidity tightening in the banking system and funding becoming scarce for large infrastructure projects, industry experts estimate that the national roads authority will more or less jettison the toll build-operate-transfer model for new roads in favour of plain vanilla EPC projects and, to a lesser extent, hybrid annuity models.
New Delhi: The National Highways Authority of India (NHAI) plans to raise Rs10,000 crore through Bharatmala Taxable Bonds in the ongoing financial year, Parliament was informed on Thursday.
Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday allowed the government to reopen and recast the accounts of Infrastructure Leasing and Financial Services Ltd (IL&FS) and its subsidiaries, IL&FS Transportation Network Ltd and IL&FS Financial Services, for the past five years.