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CBI books IL&FS Transportation, Spanish subsidiary for diverting funds in Ethiopian road contractThe Central Bureau of Investigation (CBI) has registered a new FIR against IL&FS Transportation Network Ltd and its subsidiary Elsamex SA f...- IL&FS slips in Q2 recovery target, maintains overall resolution at Rs 50,000 croreThe Board of Directors, in its second quarterly update on the asset resolution status, said it has addressed Rs 1,460 crore of additional d...
- Grant Thornton report: How ITNL led to fall of Infrastructure Leasing & Financial ServicesInfrastructure Leasing & Financial Services (IL&FS) defaulted on payments in September 2018, triggering a crisis in the shadow banking syst...
- Insolvency plea against IL&FS Transportation' Spanish arm"The Management of Elsamex SAU, Spain, a wholly-owned subsidiary of the company has informed that an application has been filed by one of t...
- Trapped IL&FS employees return to India from EthiopiaSince mid-2018, under instructions of ITNL, several of the Indian employees employed by its Project Companies had returned to India.
- IL&FS says Spanish arm to undergo voluntary insolvency proceedingsIL&FS arm IL&FS Transportation Networks (ITNL) had acquired Elsamex SA of Spain, a road maintenance, operation and management company.
- IL&FS puts 22 road assets on blockIt also includes three other assets and businesses, which are EPC & O&M businesses of IL&FS Transportation Networks Limited and a Sports Co...
- Ethiopian police take 3 IL&FS officials into custody over unpaid wages issueIL&FS Group and its various subsidiaries, including ITNL, are facing liquidity crisis and have defaulted on various debt payments.
- IL&FS OKs a month’s pay to Ethiopia staff, expats still hostageExim Bank had invoked guarantee amount $31.7 million and guarantee commission of over $285,000 due to the problems at the IL&FS Group, whic...
- 2 out of 7 employees of IL&FS held hostage in Ethiopia releasedITNL had sought approval on November 16, 2018, through its authorized dealer bank, to remit funds overseas, ILFS said in a statement.
- IL&FS India employees detained in Ethiopia by unpaid local staffSeven Indian workers from IL&FS have been detained since November 25 in Ethiopia by unpaid local staff.
- IL&FS Transportation's joint venture firm bags Ethiopian road contractInfrastructure company IL&FS Transportation Networks today said its joint venture firm has bagged Rs 1,525 crore road contract in Ethiopia.
- ILFS Transportation Q3 net up 23% at Rs 159 croreThe company had posted a net profit after taxes, minority interest and share of profit/loss of associates of Rs 129.06 crore same quarter l...
- ITNL likely to improve revenue visibility on new road projects, diversified ordersTotal gross average daily collection from toll and annuity projects is expected to grow to Rs 12.7 crore per day by FY17 from Rs 6.7 crore ...
- IL&FS Transport lowest bidder for Rs 315 crore road projects in Madhya PradeshThe projects have been undertaken by the Madhya Pradesh government under the loan secured from the Asian Development Bank.
- Ramky Infrastructure in talks to raise Rs 900 crore from assets sale“The company plans to use the equity amount of Rs 900 crore to clear most of the standalone debt.", a person with direct knowledge of the m...
- ITNL gets Rs 427-cr road order in Ukraine, forges JV in ChinaIL&FS Transportation Networks Limited (ITNL) said it has bagged a Rs 427-crore order in Ukraine.
- Construction sector likely to show better growth in revenuesCompanies such as IL&FS Transportation Networks, IRB and Pratibha Industries, which are likely show better growth in their revenues.
- CARE ‘IPO Grade 4’ to IL&FS TransportationCARE has assigned ‘IPO Grade 4’ to the initial public offering of IL&FS Transportation Networks Ltd, which indicates above average fundamen...
- IL&FS arm takes over Spanish coInfrastructure Leasing and Financial Services (IL&FS) on Wednesday said its subsidiary, IL&FS Transportation Networks (ITNL), has acquired ...
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