IL&FS Transportation & Network has informed that, Jharkhand Road Projects Implementation Company, a subsidiary of the Company has re-financed its Debt of Rs 1,730 Crores availed for development 5 Road stretches in the State of Jharkhand by issue of Non-Convertible Debentures at a weighted average coupon of 9.45% per annum resulting in reduction of interest cost by approximately 205 basis points.
The above information is a part of company’s filings submitted to BSE.