IL&FS Transportation Networks has won the bid to build Zojila tunnel project. The tunnel will connect Srinagar and Leh-Ladakh region. In an interview to CNBC-TV18, Mukund Sapre, ED, IL&FS Transportation spoke about the same.
An application with the Securities and Exchange Board of India has been made for the infrastructure investment trust, Dilip Bhatia, Chief Financial Officer, IL&FS Transport told CNBC-TV18.
Though the road construction target for the year is achievable, lack of bank support remains the key challenge for the sector, says K Ramchand, MD of IL&FS Transportation Networks. K Ramchand, MD of IL&FS Transportation Networks, says the key challange
The company has raised NCDs twice in this month, which will be utilised for improving long term loan facilities as well, says Mukund Sapre, Executive Director of IL&FS Transportation.
Speaking to CNBC-TV18, Mukund Sapre, ED, IL&FS Transportation Networks says the company finds rights issue to be a better option to mobilize the equity because of the stock prices.
In the current year, IL&FS Transportation Ltd is expecting order inflows of Rs 5,000 crore. The company will complete its existing projects in the next two years.
In an interview to CNBC-TV18, Mukund Sapre, ED of IL&FS Transportation, said the company has been awarded around 3,000 km of road orders by NHAI in FY15.
Mukund Sapre, executive director, IL&FS Transportation in an interview to CNBC-TV18 said that the new land acquisition bill will not have too much of an impact on the road sector.
IL&FS Transportation’s recent Jharkhand road project is all set to bring money flowing in to the company in FY14, says K Ramchand, the managing director of the company. He says that the recent project is a part of projects already awarded to the company by the Jharkhand government, however, it breaks the company's nine month long lull.
In an interview with CNBC-TV18, Mukund Sapre, ED, IL&FS Transportation Network said, "We will be catching up in this quarter because we have fairly done well on ground for four-five projects which are in hand. We will come back with healthy growth in the last quarter."
Mukund Sapre, ED of ITNL, in an interview with CNBC-TV18’s Reema Tendulkar and Ekta Batra, spoke about the recent order win by his company and the road ahead.