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

19 Feb 2019 Evaluate

IL&FS Transportation Networks has defaulted in payment of interest due on non-convertible debenture (NCD), because of insufficient funds. The amount of interest due on NCD is worth around Rs 4.74 crore. The period for which the interest was due on NCD is between August 20, 2018 and February 17, 2019 (182 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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