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IL&FS Transportation Networks defaults on NCD interest payment

20 Aug 2019 Evaluate

IL&FS Transportation Networks has defaulted in payment of interest due of Rs 4.74 crore on non-convertible debentures (NCDs) because of insufficient funds. The period for which the interest was due on NCDs is from February 18, 2019 to August 18, 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 4185.30
Kalpataru Projects 1367.75
NCC 130.80
Rail Vikas Nigam 201.60
KEC International 333.70
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