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IL&FS Transportation defaults in payment of interest due on NCDs

05 Feb 2019 Evaluate

IL&FS Transportation Networks has defaulted in payment of interest due on non-convertible debentures (NCDs), because of insufficient funds. The amount of interest due on two NCDs is worth Rs 14.87 crore and Rs 2.29 crore, respectively.

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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