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NHAI DEBT RESTRUCTURING
IL&FS Transportation gets bourses'nod to issue units of roadstar InvITIL&FS Transportation Networks Ltd secured approval to issue units of the Roadstar Infra Investment Trust, aiming to list by December. Road ...- Pune-Sholapur Road restructuring gives lenders Rs 334 croreTen banks, led by Bank of India, have received Rs 334 crore from accumulated toll collections of Pune Sholapur Road Development Co Ltd, pre...
- Shapoorji-backed SPJUHI plans to buy back bonds worth Rs 1,875 crThe move is part of a larger refinancing plan at the group, people close to the development said. Buying back the debentures will also aid ...
- Parliamentary panel asks Highways Ministry to complete 888 delayed projects before announcing new ones"The committee is anguished to note that 888 road projects under the Ministry are delayed at present, which amount to Rs 3,15,373.3 crore i...
- Parliament panel asks NHAI to explore debt restructuring, raise long-term fundsThe committee notes that the debt servicing liability of NHAI for the next three Financial Years is even higher than the estimates that the...
- NCLT approves Rs 707.70 cr claim of IL&FS's FSEL from NHAIThe tribunal, chaired by members Mohammed Ajmal and V Nallasenapathy, allowed FSEL to receive the settlement amount of Rs 707.709 crore (su...
- 'Substantial recovery' likely against IL&FS external debt worth Rs 94,000 cr: Injeti SrinivasApart from the exercise of recasting the financial statements, an SFIO probe report regarding an IL&FS subsidiary is nearing completion and...
- Canada’s Brookfield in talks to sell Mumbai-Nashik e-wayThe 150-km-long road, was acquired by Brookfield in 2015 from Gammon Infrastructure.
- IIFCL to fund iconic but ‘unviable’ projectsThe finance ministry is set to revamp the operations of India Infrastructure Finance Company (IIFCL) with the government tasking it with fu...
- SFIO receives complaint against L&T; group rubbishes it as baselessL&T and its arms, which are engaged in highway projects have been termed as "habitual defaulters" by NHAI, which is likely to have a severe...
- Brookfield in talks to buy HCC's Bengal road projects for Rs 1,500 croreProjects have debt of Rs 1700 cr, exercise to help HCC deleverage group balance sheet.
- Fear of CBI bizzare; apply wisdom in funding NPA: Panel to banksThe panel suggested that bank should see viability of the project -- whether lending some more money will give their due returns.
- Difficult to find buyers for asset monetisation: Hindustan Construction Company"In a different vein, the efforts of HCC Infrastructure to effect stake sale have been limited by contractual obligations imposed by the NH...
- National Highways Authority of India board likely to provide relief to nine road projectsThe NHAI board is scheduled to meet on Friday and its agenda involves approval of premium restructuring for these projects.
- NHAI to allow 9 projects to defer premium paymentIn a bid to revive the stagnating highways sector and bail out stressed projects, the NHAI is planning to allow multiple projects the optio...
- Expert panel to conduct survey on 47 highwaysThe expert panel appointed by the Cabinet to examine bailout demands of highway developers has called for a traffic survey on 47 highways.
- C Rangarajan Panel to work on bailout policy for road developersGovernment has set up a committee under C Rangarajan to decide all terms and conditions of the bailout policy for the road developer.
- Rescue package likely for all struggling highway projectsHighways ministry wants to extend its rescue package allowing staggered payment of premium to all struggling highway projects instead of pr...
- NHAI seeks PMO help in saving abandoned road projectsNHAI has sought PMO help in salvaging projects abandoned by the developers and starting those projects that have found no takers till now.
- Over 15 NHAI projects face hurdle as banks tighten lending for sectorBanks are tightening the screws on loans for road construction as they have burnt their fingers in highly leveraged projects in the stresse...
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