Rouhan Sharma

GIP, Brookfield, Cube likely to bid for second TOT bundle of highways

Global Infrastructure Partners (GIP), Brookfield Asset Management and Cube Highways are among those likely to bid for the second bundle of highways grouped under the toll, operate, transfer (ToT) model.

nhai, rajasthan gujarat News

IL&FS crisis: NCLAT to hear IndusInd Bank plea

The National Company Law Appellate Tribunal on Tuesday agreed to hear IndusInd Bank’s plea seeking to recover an interest payment of Rs 25 crore from Infrastructure Leasing & Financial Services (IL&FS).

Industry News

Bhogapuram International Airport: Zurich, Munich, Incheon among seven bidders for Andhra project

Seven bidders have submitted offers, competing to build the Rs 4,200-crore greenfield Bhogapuram International Airport project in Andhra Pradesh.

Infrastructure News

Cube Highways to acquire HCC’s road project

Cube Highways is in talks with Hindustan Construction Company (HCC) to acquire full ownership of Baharampore Farakka Highways (BFHL) from the latter, FE has learnt.

Infrastructure News

Kotak ropes in former investment banking head TV Raghunath to help out IL&FS

Raghunath will be a part of a core operating committee which is being headed by Vineet Nayyar, the new vice-chairman and MD of IL&FS.

Industry News

Ministry of Corporate Affairs seeks lawsuit moratorium on IL&FS, its group companies

The (NCLT) has already accepted the MCA’s earlier plea filed last week, seeking immunity for the newly-appointed board of IL&FS from any potential legal action against them by numerous creditors and investors of the company

Industry News

IL&FS CEO got windfall raise as losses mounted for lender

Parthasarathy stepped down on October 2, 2017, and the company that has debt in excess of Rs 116,000 crore began defaulting on loans a few months ago.

Industry News

IL&FS crisis: More skeletons out, company under-reported assets by Rs 50,000 cr

According to REDD Intelligence, a stressed debt analytics provider, the IL&FS group had total assets worth over Rs 1.65 lakh core, but reported consolidated assets of Rs 1.16 lakh crore.

Industry News

Fixing IL&FS: New board gets protection cover, NCLT gives legal immunity to work freely

IL&FS, with a complex web of 348 subsidiaries, joint ventures and associates, owes lenders a whopping Rs 91,000 crore while its total liabilities are in the excess of Rs 1 lakh crore.

Industry News

MCA moves NCLT for removal of IL&FS subsidiaries’ management

Addressing the media after a marathon meeting on Thursday, Uday Kotak, the new non-executive chairman of IL&FS, said the company has a total of 348 subsidiaries, associates and joint ventures, which is much more than what the

Industry News

Rs 16,000-crore claims: Stuck projects – ITNL claims exaggerated, say analysts

IL&FS Transportation Networks (ITNL) seems to have exaggerated the amounts it expects to receive from claims filed for its stuck road projects.

IL&FS, IL&FS Transportation Networks, ITNL, annual general meeting, Chenani Nashri Tunnelway, MP Border, MP Border checkpost News

Road to resolution: Government supersedes IL&FS board

With the risk of contagion from the collapse of IL&FS threatening to derail the money markets, the government on Monday moved to supersede the board of the infrastructure financier.

Banking & Finance News

IL&FS defaults again; LIC, SBI may hike stake

Company defaults on payment of `243 cr; hires global firm Alvarez & Marsal.

ilfs, lic, sbi News

Red sea: Ahead of AGM, IL&FS trips up

Ahead of a possible meeting of the top shareholders of IL&FS with Reserve Bank of India (RBI) on Friday, the financier said on Thursday it has defaulted on several repayment obligations.

IL&FS, rbi, industry News

Avoiding litigation: ITNL seeks to recast debt with lenders’ consent

In a pre-emptive move to avoid litigation and insolvency proceedings, IL&FS Transportation Networks (ITNL) has sought to prevent creditors of 13 of its infrastructure projects from hauling them to the National Company Law Tri

road, highway sector, highway industry News

Relief for IL&FS: NHAI steps in, highway builder set to pay Rs 700 cr

IL&FS is already understood to be behind payments on commercial paper worth approximately over Rs 300 crore and inter-corporate deposits worth roughly Rs 450 crore.

Infrastructure News

ITNL rejigs CFO Dilip Bhatia’s role to expedite sale of assets

In a notice to the Bombay Stock Exchange (BSE) on Saturday, ITNL said the move is being made in view of “the strategic priority of monetisation of the company’s project assets and generating liquidity”.

Industry News

Twin setback: Order, order! HC bar on IL&FS, CEO Bawa quits

In a filing to the BSE late on Friday, IL&FS Financial Services said Ramesh C Bawa, managing director and chief executive officer of the “has tendered his resignation with effect from September 21, 2018”.

Industry News

September 29 AGM: IL&FS to seek reappointment of joint MD & CEO

The board of directors of IL&FS will seek the reappointment of Arun Saha, joint MD and CEO of the group, for a further five years, till March 26, 2023, at the company’s forthcoming annual general meeting (AGM).

Industry News

NHAI to award more projects via EPC route as funding dries up

The NHAI is likely to award more road projects under the EPC method this fiscal, as both road developers and banks find it difficult to spend the money required for more projects under the HAM.

Infrastructure News

IL&FS clears pay hike even as it faces rating downgrade

The IL&FS management handed themselves a pay hike in FY18 even as the company seemed unlikely to meet its repayment schedule on various borrowing programmes.

Industry News

IL&FS needs to repay Rs 617 cr by Septemeber end

The sudden downgrade of blue-chip infrastructure financier IL&FS has caught the company’s bondholders on tenterhooks who are now looking forward to its board meeting scheduled for September 15, which will be attended by all

Industry News

IL&FS meet inconclusive, to reconvene on September 15

The board of directors of Mumbai-based infrastructure finance major IL&FS decided to reconvene on September 15 after an emergency meeting on Friday did not prove conclusive.

il and fs, maharashtra News

Bandra-Versova sea-link cost set to rise 60%

The 17.17-km bridge is to be constructed by a joint venture between Reliance Infrastructure and Italy's Astaldi.

Economy News

Exiting non-core ventures: IL&FS to sell waste-to-energy, water, cluster businesses

Mumbai-based infrastructure finance major IL&FS Group has identified about four-five non-core business verticals it is planning to dispose of as part of a larger sale of assets, to cut its mounting debt pile.

Industry News

Road sector stocks fall as investors become cautious over financial challenges

Stock prices of road developers are down in a range between 10-30% this fiscal despite order books that are at their highest in the past five-six years.

Industry News

Panel pegs cost of each trip of Mumbai Monorail at Rs 10,000

The rate of every single trip of the Mumbai Monorail will depend on whether the operator agrees to the charges fixed by the Subodh Jain Committee.

Infrastructure News
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