• Developing India's Infrastructure

    IL&FS Transportation Networks Limited (ITNL), established in 2000 as a wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS), is a major player in the infrastructure sector in India. The company’s projects span across several segments including highways, metro rail, and urban transportation. It has successfully developed transportation infrastructure, including roads, metro rail, city bus services, and border check-posts across the country. ITNL It is the largest Build-Operate-Transfer (BOT) road asset owner in India, with approximately 13,100 lane kilometers in its portfolio and has been involved in developing marquee infrastructure projects across India and abroad. The company expanded internationally, with operations in Spain, Portugal, and Latin America through the acquisition of Elsamex S.A., a highway operations and maintenance company.

  • Post October 2018 In October 2018, the Government of India, through the Ministry of Corporate Affairs, took control of the IL&FS Group in a bid to resolve group's defaults of over Rs 98,000 crore debt, stop the contagion and restore financial stability in the financial sector and the Capital Markets. A new Public Interest Board was put in place in October 2018, superseding the erstwhile Board, that has been working ever since towards resolving the biggest corporate financial crisis. The new Board, as per the approved resolution framework, has been resolving the assets under ITNL by way of Monetization, Termination and Transfer to Invit.

Projects Details & Resolution Status

Operational BOT (Build-Operate-Transfer) Annuity Assets

Jharkhand Infrastructure Implementation Company Limited (JIICL)

Status : Monetisation under Process

Operating and managing approximately 160 lane kilometers of Ranchi Ring Road, Jharkhand under a concession from Government of Jharkhand on annuity basis.

Chenani Nashri Tunnelway Limited (CNTL)

Status : Monetisation under Process

Operating and managing approximately 38 lane kilometers tunnel from Chenani to Nashri, Jammu & Kashmir under a concession from National Highways Authority of India (NHAI) on annuity basis.

Jorabat Shillong Expressway Limited (JSEL)

Status : Sale Completed

Operating and managing approximately 262 lane kilometers of national highway from Jorabat, Assam to Shillong, Meghalaya under a concession from NHAI on annuity basis.

Operational BOT (Build-Operate-Transfer) Toll Assets

Moradabad Bareilly Expressway Limited (MBEL)

Status : Transferred to Invit

Operating and managing approximately 522 lane kilometers of national highway from Moradabad to Bareilly, Uttar Pradesh under a concession from NHAI on toll basis.

Barwa Adda Expressway Limited (BAEL)

Status : Transferred to Invit

Operating and managing approximately 727 lane kilometers of Barwa Adda to Panagarh section of national highway in Jharkhand and West Bengal under a concession from NHAI on toll basis.

Baleshwar Kharagpur Expressway Limited (BKEL)

Status : Monetisation under Process

Operating and managing approximately 477 lane kilometers of Baleshwar to Kharagpur national highway in Orissa and West Bengal under a concession from NHAI on toll basis.

Under Construction BOT (Build-Operate-Transfer) Assets

Srinagar Sonmarg Tunnelway Limited (SSTL)

Status : Termination underway post which closure process to commence

Design, build, finance, operate and transfer concession from National Highways and Infrastructure Development Corporation Limited (NHIDCL) for Z-Morh Tunnel, Jammu & Kashmir approximately 34 lane kilometers under construction.

GRICL Rail Bridge Development Company Limited (GRBDCL)

Status : Monetisation under Process

Build, operate and transfer concession from Government of Gujarat for 8 railway over bridges in Gujarat under construction.

Amravati Chikli Expressway Limited (ACEL)

Status : Termination settlement received & distributed; Closure process underway

Design, build, finance, operate and transfer concession from NHAI for approximately 970 lane kilometers from Amravati to Chikhli section of NH-6, Maharashtra under construction.

Other Assets / Business(es)

Karyavattom Sports Facilities Limited (KSFL)

Status : Monetisation under Process

Operating and managing a sports complex in Thiruvananthapuram, Kerala under a concession from Government of Kerala on an annuity plus user fee basis.

ITNL EPC Business

Status : N/A

Engineering, procurement and construction business of IL&FS Transportation Networks Limited (ITNL).

Elsamex Maintenance Services Limited (EMSL)

Status : N/A

Providing consultation, supervision, construction, operations and maintenance, repairing and other related activities for infrastructure projects.