Bangalore Elevated Tollway awarded Rs 492 cr towards claim against NHAI
IL&FS Engineering and Construction said on Thursday that Bangalore Elevated Tollway Pvt Ltd (BETPL) has been awarded an amount of Rs 492 crore towards claim filed by the company against the National Highways Authority of India (NHAI).
IL&FS Engineering and Construction Company Ltd, an IL&FS group company, has 24 per cent stake in BETPL.
IL&FS in a statement said it is entitled to about Rs 118 crore from the total claim awarded by the arbitration tribunal.
BETPL is a special purpose vehicle (SPV) promoted for the development of four-lane elevated and six-lane road from Silk Board Junction to Attibele in Bengaluru.
