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IL&FS Transportation’s arm re-finances debts amounting to Rs 1712.93 crore

IL&FS Transportation Networks’ subsidiary Moradabad Bareilly Expressway has re-financed its debts amounting to Rs 1712.93 crore availed for development of Four laning of Moradabad – Bareilly Road Project in the State of Uttar Pradesh by issue of Rupee Term Loan and Non-Convertible Debentures at a weighted average rate of 10.17% p.a. resulting in reduction of interest cost by 202 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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