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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.
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.