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IL&FS Transportation defaults on interest payments of Rs 3.37 crore on NCDs

18 Dec 2018 Evaluate

IL&FS Transportation Networks has defaulted in payment of the interest worth Rs 3.37 crore on two non-convertible debentures (NCDs), because of insufficient funds. The period for which the interest was due on both NCDs is between September 15, 2018 and December 14, 2018 (91 days).

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.

Peers
Company Name CMP
Larsen & Toubro 3654.10
Kalpataru Projects 1344.15
NCC 127.60
Rail Vikas Nigam 194.50
KEC International 343.35
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