The National Highways Authority of India (NHAI) has given a breather to four companies which are on the verge of losing their contracts. Several projects of NHAI have been facing failure to achieve financial closure.
Tag: financial closure
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L&T achieves financial closure for its Maha road projects
For two of its road projects in Maharashtra, L&T Infrastructure Development Projects (L&T IDPL), a subsidiary of Larsen & Toubro Ltd, and one of the pioneers in infrastructure development in India, has achieved financial closure on November 30.
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Ramky achieves financial closure for Hospet road project
For the Rs 1,103-crore Hospet-Chitradurga tollway road project in Karnataka, Ramky Infrastructure has achieved financial closure. The company closed finances through debt syndication of Rs 830 crore to execute the road project.
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India's pvt merchant airport
The country's first private merchant airport in Karaikal is awaiting financial closure with project works slated to begin in 2012.
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R-Power borrows Rs 4,000 cr from PFC for its UMPPs
Reliance Power borrowed Rs 4,000 crore from Power Finance Corporation (PFC) to achieve financial closure of two ultra mega power projects (UMPP).
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