NHAI clears IL&FS claims of Rs. 902 crore.

The National Highways Authority of India (NHAI) has cleared crisis-hit infrastructure financier IL&FS’s claims worth Rs. 902 crore related to a single road project that is part of the Delhi-Mumbai industrial corridor.

The Khed-Sinnar Expressway (KSEL) is the third incomplete road project of IL&FS whose claim has been cleared by the highways authority.

“The NHAI Conciliation Committee has approved claims for Khed Sinnar Expressway. A few other claims are also expected to be closed shortly that would lead to additional debt closure for IL&FS and its subsidiaries,” an official aware of the development said. “The proceeds would be used for further debt resolution.”

ET