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IL&FS Transportation Networks’ arm to foreclose Beawer-Gomti Road Concession Agreement

23 Jan 2020 Evaluate

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.

IL&FS Trans &Network Share Price

2.63 0.08 (3.14%)
17-Apr-2026 16:59 View Price Chart
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