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IL&FS Transportation’s arm re-finances debts amounting to Rs 1,730 crore

IL&FS Transportation Networks’ subsidiary Jharkhand Road Projects Implementation Company has re-financed its debts amounting to Rs 1,730 crore availed for development 5 Road stretches in the State of Jharkhand by issue of Non-Convertible Debentures at a weighted average coupon of 9.45% p.a. resulting in reduction of interest cost by around 205 basis points.

IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.

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