InvestorQ : Can you tell me how much has ILFS managed to monetize from some of its recent road projects?
Mary Joseph made post

Can you tell me how much has ILFS managed to monetize from some of its recent road projects?

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Arusha Ray answered.
2 weeks ago
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The beleaguered IL&FS got Rs.693 crore by way of settlement claims for 2 road projects from the National Highways Authority of India or NHAI. This takes the NHAI’s total claim settlement with IL&FS to Rs.1804 crore. These 2 projects referred to settlement amounts on the Kiratpur Ner Chowk Expressway and the Chennai Nashri Tunnelway. This is part of the IL&FS asset monetization strategy.

Apart from these two projects, other IL&FS projects settled under the current claims and compensation plan by NHAI include the Jorabat-Shillong Expressway, the Baleshwar Kharagpur Expressway as well as the ITNL Road project. However, the fairly large outstanding on the Khed Sinnar Expressway settlement is still pending. IL&FS is already behind schedule on its settlement timetable due to COVID related factors.

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