Border Roads Organisation
In a recent exchange filing, IL&FS Transportation Networks Ltd (ITNL) has disclosed that its special purpose vehicle (SPV) – Shrinagar Sonmarg Tunnelway Ltd – has tied up a loan of Rs 2,363 crore with the ICICI bank. In the SPV, Soma Enterprises Ltd and ITNL are 51:49 equity partners. ITNL said in the exchange filing [...] Continue Reading »
At the recently-held first board meeting of the newly-constituted National Highway and Infrastructure Development (NHIDCL), it has been decided that a major chunk of North-Eastern (N-E) border highway projects will be taken over by the Government. According to the information shared by unidentified official sources, the Government will take over the N-E border highway projects [...] Continue Reading »
