IL&FS Transportation Networks Ltd (ITNL), a subsidiary of IL&FS, has received ₹693 crore settlement claims for two road projects from NHAI for Kiratpur Ner Chowk Expressway Limited (KNCEL) and for Chenani Nashri Tunnelway Limited (CNTL).
With these two projects, NHAI has settled aggregate IL&FS claims of over ₹1,804 crore across six road projects.
KNCEL project was foreclosed under the Ministry of Road Transport and Highways (MoRTH) guidelines of March 2019 for stalled and incomplete projects. CNTL is a completed project, earning annuities, and ₹19.6 crore is the claim amount towards change of scope.
There is a pending settlement of ₹902 crore for the Khed Sinnar Expressway project and ₹171 crore for Amravati Chikli Expressway from NHAI.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.