 "IL&FS")
Financially troubled Infrastructure Leasing & Financial Services (IL&FS) Engineering and Construction Company is witnessing early improvement in its road portfolio with a go-ahead to start work on one of its road projects, which was earlier up for foreclosure. The company also saw settlement of one of its arbitration claims earlier this month.
“This is to inform that the IL&FS Engineering and Construction Company has received approval from the Ministry of Road Transport and Highways (MoRTH) on June 14, 2019, for revival/restart of the road project, which was previously referred for amicable foreclosure by the competent authority,” the company said in
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