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IL&FS Transportation Networks’ JV refinances debt by issue of NCDs

29 Dec 2017 Evaluate

IL&FS Transportation Networks’ joint venture (JV) - Jorabat Shillong Expressway mandated for development of section of NH-40 from km 0.000 to 61.800 (approximately 61.92 Kms) in the State of Assam and Meghalaya has refinanced Senior & Subordinated debt by issue of Non-Convertible Debentures (NCDs) to the extent of Rs 883 crore at a weighted average interest cost of 8.34% p.a. as against 11.30% p.a. resulting in the savings of 2.96% in interest cost.

The project was completed on January 28, 2016 and is entitled to receive from NHAI a semi-annual annuity of Rs 72.51 crore for a period of 15 years effective July 28, 2016.

IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.

IL&FS Trans &Network Share Price

2.63 0.08 (3.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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