{"id":284507,"date":"2019-07-26T05:47:32","date_gmt":"2019-07-26T05:47:32","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=284507"},"modified":"2019-07-26T09:06:32","modified_gmt":"2019-07-26T09:06:32","slug":"lt-says-has-made-rs-93-crore-provision-for-gujarat-toll-road-spv","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-says-has-made-rs-93-crore-provision-for-gujarat-toll-road-spv\/","title":{"rendered":"L&amp;T says has made Rs 93 crore provision for Gujarat toll-road SPV"},"content":{"rendered":"<p>Engineering major Larsen &amp; Toubro (L&amp;T) has already made an impairment provision of Rs 93 crore in the June quarter earnings towards L&amp;T Halol Shamlaji Tollway SPV, which has been dragged to the NCLT by Oriental Bank of Commerce. <\/p>\n<p>In a filing to the BSE, which has sought clarification on reports of the NCLT initiating insolvency process against the SPV, L&amp;T said Thursday that OBCNSE 1.50 % had filed a bankruptcy application claiming an Rs 76.68 crore and accordingly the company has set aside Rs 93 crore towards impairment charges. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Engineering major Larsen &amp; Toubro (L&amp;T) has already made an impairment provision of Rs 93 crore in the June quarter earnings towards L&amp;T Halol Shamlaji Tollway SPV, which has been dragged to the NCLT by Oriental Bank of Commerce. In a filing to the BSE, which has sought clarification on reports of the NCLT initiating insolvency process against the SPV, L&amp;T said Thursday that OBCNSE 1.50 % had filed a bankruptcy application claiming an Rs 76.68 crore and accordingly the company has set aside Rs 93 crore towards impairment charges.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-284507","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=284507"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/284507\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=284507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=284507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=284507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}