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 Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code