Ilfs Engineering-and-construction-company

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Ilfs Engineering-and-construction-company - Total results - 3
GAIL dumps IL&FS as contractor for Pradhan Mantri Urja Ganga gas pipeline project due to poor project progress
Business

GAIL dumps IL&FS as contractor for Pradhan Mantri Urja Ganga gas pipeline project due to poor project progress

GAIL had last year awarded a portion of the 2,655-km of the Pradhan Mantri Urja Ganga project to IL&FS.

IL&FS Investment Managers non-executive director Vibhav Kapoor resigns from board
Business

IL&FS Investment Managers non-executive director Vibhav Kapoor resigns from board

The IL&FS group is facing serious liquidity crisis and has defaulted on interest payment on various debt repayments since 27 August. It has over Rs 91,000 crore in debt at the consolidated level.