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IL&FS completes interim distribution payout of Rs 920 cr in CNTL

The IL&FS Group has completed an Interim Distribution pay-out of Rs 920 crore in the Chenani Nashri Tunnelway Limited (CNTL), a subsidiary of IL&FS Transportation Network Limited (ITNL).As part of this Interim Distribution, IL&FS . ....

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NHAI Pays Over Rs 891 crore To IL&FS As Termination Compensation For Khed-Sinnar Expressway Project

NHAI Pays Over Rs 891 crore To IL&FS As Termination Compensation For Khed-Sinnar Expressway Project
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Lacklustre opening likely for markets ahead of RBI meet, results

Lacklustre opening likely for markets ahead of RBI meet, results
April 05, 2021
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Stocks to watch out for today are Adani Enterprises, ITNL, PNC Infratech, Olectra Greentech, Ashiana Housing and ANG Lifesciences.
After a long weekend, Indian markets are expected to open on a flat note on Monday. While signals are mixed from Asian markets, SGX Nifty points a 40-point gap down opening. The SGX Nifty futures currently rule at 14,915 (8 am IST), as against Nifty futures Thursday s close of 14,953.35.
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Investors will closely monitor the outcome of the RBI meet and quarterly performance of India Inc, said analysts. The RBI s three-day meeting begins today, and the outcome is expected to be on April 7. Acuite Ratings believes that MPC, in its upcoming meeting, will continue to reaffirm the accommodative monetary policy despite the global increase in bond yields amidst concerns of a quicker than expected normalisation in the markets of developed economies. ....

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IL&FS receives Rs 693 cr settlement claim for 2 road projects

IL&FS receives Rs 693 cr settlement claim for 2 road projects
By
IANS
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IL&FS. (File Photo: IANS). Image Source: IANS News
Mumbai, April 4 : IL&FS has received Rs 693 crore worth of settlement claims for two road projects from the National Highways Authority of India (NHAI).
With the latest development, NHAI and MoRTH have settled aggregate IL&FS claims of over Rs 1,804 crore across 6 road projects.
In a statement, IL&FS said that its subsidiary IL&FS Transportation Networks India Limited (ITNL), on March 31, 2021, duly received settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway Limited (KNCEL) and Rs 20 crore towards claims for Chenani Nashri Tunnelway Limited (CNTL) from NHAI. ....

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IL&FS receives Rs 693 crore in settlement claims from NHAI

IL&FS receives Rs 693 crore in settlement claims from NHAI
NHAI and the Ministry of Road Transport and Highways (MoRTH) have settled aggregate IL&FS claims of over Rs 1,804 crore across six road projects, including KNCEL and CTNL
BusinessToday.In | April 4, 2021 | Updated 15:31 IST
IL&FS has received Rs 693 crore in settlement claims form the National Highways Authority of India (NHAI) for two road projects. ITNL, subsidiary of IL&FS received a settlement of Rs 673 crore for the Kiratpur Ner Chowk Expressway Limited (KNCEL) and Rs 20 crore for the Chenani Nashri Tunnelway Limited (CTNL) from NHAI. These settlements are part of the NHAI s conciliation process to resolve stuck projects. ....

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