• E-Newsletter
  • Resources
91-22-24193000
Subscriber@ASAPPinfoGlobal.com
Project Reporter
Advertise Here [728 W x 90 H pixels]
Subscription offer
  • Home
  • Company
  • About Us
  • Subscribe
  • Advertise
  • Feedback
  • Partners
  • Contact Us
     

NHAI releases INR 9.8 Billion under arbitration scheme: Ind-RA

India Opportunities  /  Jun 5 2017

The Central Government's initiative to release 75% of locked amount in arbitration awards so far had a limited impact on the liquidity of developers except a few road developers as per Ind-Ra latest release. Ind-Ra in its 31st May release mentioned that in the last six months since introduction of the arbitration scheme INR 9.8 billion funds have been released compared to INR 26.3 billion claims made to National Highways Authority of India.
 
HCC has been the biggest beneficiary receiving INR 3.80 billion (out of total claims of INR 10.8 billion), followed by IRB Infrastructure Developers Ltd - INR 2.70 billion, Shapoorji Pallonji - INR 1.41 billion, Atlanta Infra Assets Ltd - INR1.18 billion.  The companies like Oriental Structure Engineers Pvt Ltd, IL&FS Engineering and construction company Ltd and Reliance Infrastructure Group have not received any funds against their claims.

     
Tags Cloud
    National Highways Authority Of India Shapoorji Pallonji Oriental Structure Engineers Pvt Ltd IL&FS Engineering And Construction Company Ltd

MEMBER'S LOGIN

Login with your username and password

Forgot Password
Subscribe
Section List
    India Opportunities
    Industrial Projects
    Realty Projects
Social
Become a fan
Like
Follow us
Follow
RSS
Subscribers

Posts Categories

  • Home
  • Company
  • About Us
  • Subscribe
  • Advertise
  • Feedback
  • Partners
  • Contact Us

Twitter Feeds

Tweets by @ProjectReporter

Contact Us

ASAPP Info Global Services Pvt Ltd.

A-303, Navbharat Estates,
Zakaria Bunder Road,
Sewri (West),
Mumbai - 400 015,
Maharashtra, India


Tel : 91-22-24193000, Fax : 91-22-24175734
Email : Subscriber@ASAPPinfoGlobal.com
Website: www.ASAPPInfoGlobal.com
  • Home
  • Company
  • About Us
  • Subscribe
  • Advertise
  • Feedback
  • Partners
  • Contact Us

© COPYRIGHT 2017 ASAPP Info Global Services Pvt. Ltd. All Right Reserved.