The problem at IL&FS has hit Asia’s longest tunnel plan. The Centre has scrapped the contract for building the strategically important Zojila tunnel project in Jammu and Kashmir, which was bagged by IL&FS, and has also set up a high-level panel to suggest solutions for over two dozen stuck and stressed highway projects, many of…
ET Intelligence Group: NHAI’s second tranche of fund raising by monetizing operational road projects has received weak response. Under the scheme, the government leases out national highways for 30 years to pension funds and private equity players in return of an upfront payment.
MUMBAI: The former directors of the crippled IL&FS Group Wednesday approached the National Company Law Tribunal (NCLT) seeking clarification on bench’s earlier order restraining them from disposing of or creating any third-party rights on their properties till January 16.
Mumbai: There is a surfeit of road projects on sale in recent months, which is leaving investors spoiled for choice. While on the one hand there are corporate houses like IL&FS, Reliance Infra and Essel seeking to free up capital, on the other, the government is seeking to monetise existing toll roads with NHAI to…
Imagine living in a city that understands you, your needs and always steps up to provide for them. A city that is effortless to live in, thanks to the seamless planning that went into every aspect of it. Whether it is transportation, infrastructure or overall development – a city which always
Rajasthan reported the highest national highway (NH) construction among states during the first four years of Narendra Modi government while Centre’s expenditure was maximum in Uttar Pradesh for building of highways. Government data show Maharashtra
MUMBAI: Infrastructure Leasing & Financial Services, which is selling assets to repay debt of about Rs 91,000 crore ($13 billion), won’t provide indemnity and warranties to potential buyers, a move that will drive down valuations steeply, said three people with direct knowledge
Prime Minister Narendra Modi is likely to lay the foundation of industrial projects in Uttar Pradesh totalling up to Rs 80,000 crore at a groundbreaking ceremony here on January 20.
NEW DELHI: Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) Thursday said it has received than 30 expressions of interest (EOI) for acquiring its stakes in its 22 assets across its domestic road vertical as a part of its asset monetisation plan.
Mumbai: IndusInd Bank’s December quarter earnings beat expectations, boosted by fee and trading income, although its provisions for likely losses jumped due to loans to Infrastructure Leasing &