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IL&FS receives settlement amount of Rs 693 cr from NHAI

ITNL, a subsidiary of IL&FS, on 31 March 2021 has duly received settlement amount of Rs 673 crore for Kiratpur Ner Chowk Expressway (KNCEL) and Rs 20 crore towards claims for Chenani Nashri Tunnelway (CNTL) - from National Highways Authority of India (NHAI).
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 Highways (MoRTH) guidelines of March 2019 for stalled and incomplete projects. CNTL is a completed project, earning annuities, and the Rs 19.6 crore is the claim amount towards change of scope. ....

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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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IL&FS receives Rs. 693 crore settlement claims for two road projects from NHAI

IL&FS receives Rs. 693 crore settlement claims for two road projects from NHAI
Posted On:
2021-04-04 03:27:59
(Time Zone: Arizona, USA)
IL&FS Transportation Networks Limited (ITNL), a subsidiary of IL&FS, on March 31, 2021 has 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 National Highways Authority of India (NHAI).
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 Highways (MoRTH) guidelines of March 2019 for stalled and incomplete projects. CNTL is a completed project, earning annuities, and the Rs 19.6 crore is the claim amount towards change of scope. ....

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IL&FS receives Rs 693 cr settlement claims for two road projects from NHAI

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 Highways (MoRTH) guidelines of March 2019 for stalled and incomplete projects. CNTL is a completed project, earning annuities, and Rs 19.6 crore is the claim amount towards the change of scope. ....

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