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Soma Enterprises

Bankers are going to ‘investigate’ construction firms before debt restructure

Bankers are going to ‘investigate’ construction firms before debt restructure
Banks have started insisting on investigative audits for engineering, procurement and construction (EPC) units who are looking to recast their loans. A forensic team will evaluate such companies and reduce the chances of any ‘package failure’ in corporate debt restructuring (CDR). The bankers will look in a detailed manner in case of all the related [...] Continue Reading »

Port-Maduravoyal elevated corridor’s work initiated by NHAI

Port-Maduravoyal elevated corridor’s work initiated by NHAI
The National Highways Authority of India (NHAI) has acted briskly after the Madras High Court’s verdict on Chennai Port-Maduravoyal elevated expressway. The officials have asked the State Highway Secretary to convene meeting at the earliest by inviting Public Works Department Secretary to take the project forward. The High Court had asked all the stakeholders to [...] Continue Reading »



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