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ANI | Updated: Apr 04, 2021 17:22 IST Mumbai (Maharashtra) [India], April 4 (ANI): ITNL, a subsidiary of IL&FS, has duly received a 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 the National Highways Authority of India (NHAI). According to the IL&FS, with these two projects, NHAI and MoRTH have settled aggregate IL&FS claims of over Rs 1,804 crore across 6 road projects. KNCEL project was foreclosed under the Ministry of Road Transport and...

Bharat Road Network inks pact with Cube Highways for sale of stake in Ghaziabad Aligarh Expressway Synopsis BRNL along with its partners has signed an agreement with Cube Highways, a portfolio company of I Squared Capital, for the complete transfer of ownership in an operating toll road project in Uttar Pradesh, the company said in a statement. Agencies Representataive Image Bharat Road Network Ltd (BRNL) along with its partners has inked a deal with Cube Highways for the sale of the entire stake in Ghaziabad Aligarh Expressway Private Limited. The proceeds from the sale will be utilised to r...

Reliance Infra share spikes 10% on selling Santacruz HQ to YES bank Shares of Anil Ambani-led Reliance Infrastructure rose as much as 9.98 per cent to hit intraday high of Rs 38.55 on the BSE after the firm said it has sold Reliance Center in Santacruz to YES Bank for Rs 1,200 crore BusinessToday.In | April 1, 2021 | Updated 13:40 IST Anil Ambani-led Reliance Infrastructure shares fall 10% on Thursday Shares of Reliance Infrastructure Limited rallied 10 per cent on Thursday after the power generation and infrastructure firm said it has sold Reliance Center, the Mumbai headquarter of Anil Amb...

Reliance Infrastructure Limited sold on Thursday its headquarters in Mumbai to YES Bank for Rs 1,200 crore. The bank will convert the building as its corporate headquarters. The entire proceeds from the sale of Reliance Centre in Santacruz will be utilised to repay YES Bank’s debt. With this announcement, Reliance Infrastructure has sold three major assets since January. It sold the Delhi-Agra toll road to Cube Highways and Infrastructure for an enterprise value of Rs.3,600 crore. It then sold is entire 74 per cent equity stake in in Parbati Koldam Transmission Company Limited to India Gr...

by Swarajya Staff - Mar 8, 2021 12:06 PM National Highway (representational image) (NHAI) Adani Enterprises and construction firm DP Jain & Co emerged as the highest bidder for two bundles of highways in the National Highways Authority of India’s (NHAI’s) fifth bundle of roads auctioned through toll-operate-transfer (TOT) mechanism. Under the fifth round of TOT, NHAI offered a 20-year lease period for two bundles with a total length of 159.5 km. The last date for submission of the bids for both the bundles was 18 January. Both toll roads are located in Gujarat. The first bundle size...