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.