IL&FS Transportation Networks’ subsidiary -- ITNL Road Infrastructure Development Company (IRIDCL) has entered into a Tripartite Agreement with Ministry of Road Transport & Highways (MoRTH) and Project Lenders (through Union Bank of India, Lead Bank) for foreclosure of the Beawer-Gomti Road Concession Agreement.
Pursuant to the above, IRIDCL will receive from MoRTH a settlement amount of Rs 144.08 crore within 7 days from the date of the Agreement and thereafter will hand over the toll operations of the Project to MoRTH.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: