IL&FS Engg may gain on Tribunal award to arm

| Updated on November 28, 2019 Published on November 28, 2019


Shares of IL&FS Engineering and Construction Company may remain in focus, as the Arbitration Tribunal has awarded a verdict in favour of its special purpose vehicle. The Tribunal has awarded ₹492 crore (₹250 crore as principal and ₹242 crore as interest) for the claim filed against NHAI by Bangalore Elevated Tollway Private Ltd. IL&FS Engineering and Construction holds 24 per cent stake in Bangalore Elevated Tollway, a sponsored SPV along with India Infrastructure Fund 2.

Published on November 28, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.