Amid crisis, IL&FS arm gets nod to restart Bihar road project
20-June-2019
Even as IL&FS and its group companies reel under severe liquidity crisis and cases of blatant cover-up and misappropriation, the IL&FS Engineering and Construction Company (IL&FS Engineering Services) has received the Union Road Transport Ministry's approval to revive and restart a road project in Bihar.
Under the project, IL&FS would rehabilitate and develop the Birpur-Bihpur Section of NH-106 in Bihar under Phase-l of National Highways Interconnectivity Improvement Projects (NHIIP).
"IL&FS Engineering and Construction Company Ltd has received approval from Ministry of Road Transport and Highways (MoRTH) on June 14, 2019, for revival/restart of the road project which was previously referred for amicable foreclosure by the competent authority," the company said in a regulatory filing.
IL&FS said that in view of the changed scenario, the company decided to seek permission for executing the project from the ministry.
"IL&FS Engineering has received approval for restart of the project regarding rehabilitation and upgrading to 2 lanes/2 lane with paved shoulders configuration and strengthening of Birpur-Bihpur Section (from km 0 to km 106) of NH-106 in the state of Bihar under Phase-l of National Highways Interconnectivity Improvement Projects.
"The work on the project shall commence within 15 days from the receipt of ministry's consent, it said.
IANS
Explore Sridevi's Cherished Chennai Home with Host Janhvi Kapoor on Airbnb
Sanjay Raut Questions Increase In Maha Voting Percentage After 11 Days
Rohit Nagdewani’s Fresh From Farm Raises $2 Million, Aims For Aggressive Expansion in Delhi/ NCR
IIT Roorkee Startup Wins DRDO's 'Dare to Dream 4.0' with Innovative Gun-Shot Detection Tech
OpenAI Targets India's AI Mission: New Hire Pragya Misra to Lead Collaboration Efforts