The two officials were being investigated for alleged financial irregularities in loans given to two companies -- GHV Hotel and New India Infra.
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
Infrastructure builder IL&FS Transportation Networks Ltd expects to achieve its order book target for the fiscal year ending March, even though project wins have been below expectations, Managing Director K. Ramchand said.