IL&FS paid compensation of Rs 891cr by NHAI
ROADS & HIGHWAYS

IL&FS paid compensation of Rs 891cr by NHAI

The National Highways Authority of India (NHAI) paid more than Rs 891 crore to Infrastructure Leasing & Financial Services (IL&FS), a non-banking finance company as compensation for the termination of Khed-Sinnar Expressway road project that is part of the Delhi-Mumbai industrial corridor.

The termination compensation is paid in addition to the Rs 90 crore collected by the company in the form of toll from the 80% completed project in the last two years.

IL&FS now gets Rs 980 crore to compensate its various liabilities due in the project. The total debt of Khed-Sinnar Expressway addressed with the compensation is Rs 1,400 crore and the project will be handed over to NHAI.

The project was awarded to IL&FS Transportation Networks Ltd (ITNL) in 2013 having a 20-year concession ending in 2033. The key lenders to this project are IDBI, IFCL, and Yes Bank.

National Highway-50’s Khed-Sinnar section is a 138 km part of the Delhi-Mumbai Industrial corridor. It is considered a crucial highway project passing via major towns.

IL&FS currently has claims of about Rs 3,200 crore from NHAI and the Ministry of Road Transport and Highways and around Rs 2,700 crore is received, while additional Rs 500 crore is in the final stages of settlement. The entire sum of Rs 3,200 crore forms a part of the Rs 55,000 crore which was resolved by IL&FS as per the last updates.

Image Source

Also read: New players bags govt-funded national highway projects

The National Highways Authority of India (NHAI) paid more than Rs 891 crore to Infrastructure Leasing & Financial Services (IL&FS), a non-banking finance company as compensation for the termination of Khed-Sinnar Expressway road project that is part of the Delhi-Mumbai industrial corridor. The termination compensation is paid in addition to the Rs 90 crore collected by the company in the form of toll from the 80% completed project in the last two years. IL&FS now gets Rs 980 crore to compensate its various liabilities due in the project. The total debt of Khed-Sinnar Expressway addressed with the compensation is Rs 1,400 crore and the project will be handed over to NHAI. The project was awarded to IL&FS Transportation Networks Ltd (ITNL) in 2013 having a 20-year concession ending in 2033. The key lenders to this project are IDBI, IFCL, and Yes Bank. National Highway-50’s Khed-Sinnar section is a 138 km part of the Delhi-Mumbai Industrial corridor. It is considered a crucial highway project passing via major towns. IL&FS currently has claims of about Rs 3,200 crore from NHAI and the Ministry of Road Transport and Highways and around Rs 2,700 crore is received, while additional Rs 500 crore is in the final stages of settlement. The entire sum of Rs 3,200 crore forms a part of the Rs 55,000 crore which was resolved by IL&FS as per the last updates. Image Source Also read: New players bags govt-funded national highway projects

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement