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IL&FS Transportation Networks informs about settlement agreement

18 Jan 2020 Evaluate

IL&FS Transportation Networks has informed that Jorabat Shillong Expressway, a subsidiary of the Company has on January 17, 2020, entered into a Settlement Agreement with National Highways Authority of India (NHAI) for receiving a claim amount of Rs 252.15 Crores. The settlement was reached pursuant to the discussions held through the Conciliation Committee of Independent Experts appointed by NHAI. 

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Larsen & Toubro 3770.00
Kalpataru Projects 1376.45
NCC 130.30
Rail Vikas Nigam 203.00
KEC International 390.40
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