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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 3654.10
Kalpataru Projects 1344.15
NCC 127.60
Rail Vikas Nigam 194.50
KEC International 343.35
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