ILFS arm reaches pact with NHAI for Rs 252 cr settlement

PTI, Jan 19, 2020, 10:31 AM IST

New Delhi: IL&FS Transportation on Saturday said one of its subsidiaries has reached a pact with National Highways Authority of India (NHAI) for receiving Rs 252 crore claim.

“Jorabat Shillong Expressway Limited, a subsidiary of the Company has today entered into a Settlement Agreement with National Highways Authority of India (NHAI) for receiving a claim amount of Rs. 252.15 crore,” the company said in a regulatory filing to the BSE.

The settlement was reached pursuant to the discussions held through the Conciliation Committee of Independent Experts appointed by NHAI, it said.

Related Articles

Latest Additions