L&T Halol Shamlaji Tollway, a 100 per cent special purpose vehicle promoted by L&T Infrastructure Development Project, has defaulted on Rs 1,014 cr payment to lenders due to low toll collections and shortage of cash. This payment was due in August. The total project cost was pegged at Rs 1,305 cr, included equity of Rs 261 cr and debt of Rs 1,044 cr.This is the second SPV promoted by L&T Infrastructure Development Projects that has defaulted in recent weeks.
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Home » L&T Halol Tollway defaults on loan
L&T Halol Tollway defaults on loan
Infrastructure Finance
October 1, 2015October 1, 2015
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