{"id":303475,"date":"2019-11-29T12:46:08","date_gmt":"2019-11-29T07:16:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303475"},"modified":"2019-11-29T12:51:49","modified_gmt":"2019-11-29T07:21:49","slug":"betpl-to-receive-rs-492-crore-in-claim-settlement-with-nhai","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/betpl-to-receive-rs-492-crore-in-claim-settlement-with-nhai\/","title":{"rendered":"BETPL to receive Rs 492 crore in claim settlement with NHAI"},"content":{"rendered":"<p>Bangalore Elevated Tollway Private Ltd (BETPL) has been awarded Rs 492 crore towards a claim filed against National Highways Authority of India (NHAI) for delay in project execution.<\/p>\n<p>The Arbitration Tribunal has given a majority award for Rs.492 crore (Rs.250 crore as Principal and Rs.242 crore as interest), towards the claim filed by BETPL, the company said in a statement.<\/p>\n<p>BETPL is a Special Purpose Vehicle (SPV) promoted for the development of four-lane elevated and six-lane road in Bangalore, which leads to Infosys, Wipro, Tech Mahindra and others. IL&amp;FS Engineering and Construction Company Limited, an IL&amp;FS group company, has 24 per cent stake in BETPL and is entitled to Rs 118 crore from the total claim awarded by the tribunal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bangalore Elevated Tollway Private Ltd (BETPL) has been awarded Rs 492 crore towards a claim filed against National Highways Authority of India (NHAI) for delay in project execution. The Arbitration Tribunal has given a majority award for Rs.492 crore (Rs.250 crore as Principal and Rs.242 crore as interest), towards the claim filed by BETPL, the company said in a statement. BETPL is a Special Purpose Vehicle (SPV) promoted for the development of four-lane elevated and six-lane road in Bangalore, which leads to Infosys, Wipro, Tech Mahindra and others. IL&amp;FS Engineering and Construction Company Limited, an IL&amp;FS group company, has 24 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-303475","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303475","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=303475"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303475\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}