IRB Infrastructure Developers is the sponsor of IRB Infrastructure Trust. IRB was the EPC contractor for YATL and continues to be the project manager for YATL.
IRB will receive Rs 1,681 crore towards the compensation and is also entitled to receive further interest from the date of the award till the date of realisation of the compensation as per terms of the award.
An arbitration tribunal has asked the national highways authority of India (NHAI) to pay a compensation of Rs1,720 crore, including interest to Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle (SPV) of the IRB Infrastructure Trust, which is a private infrastructure investment trust (InvIT) associate of IRB Infrastructure Developers Ltd.
Get latest articles and stories on Latest News at LatestLY. Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has won an arbitration award of Rs 1,720 crore for a highway project, a statement said on Sunday. Latest News | IRB Infrastructure Trust Wins Rs 1,720 Cr Arbitration Award.
Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has won an arbitration award of Rs 1,720 crore for the Yedeshi Aurangabad NH211 BOT highway project. The Arbitration Tribunal directed the National Highways Authority of India (NHAI) to pay compensation of Rs 1,720 crore, including interest, and grant an extension of 689 days to the concession period.