As the financial year comes to a close, the first of the promised infrastructure investment trusts (InvITs) are yet to be launched.
Held back, say bankers in the know, on issues from the National Highways Authority of India (NHAI). “NHAI is reluctant to allow transfer ownership of road assets to an InvIT for those assets where two years of operations have not been completed,” said one, who did not wish to be identified. Of the various assets that road developers wish to monetise through the InvIT route, there are recently commissioned ones. Read more
Latest posts by Business-standard PTI (see all)
- PM Modi lays foundation stone of BPCL depot in Karnataka’s Kalaburagi - March 7, 2019
- April core sector growth slows to three-month low of 2.5% - June 1, 2017
- Dabhol impairment pulls down NTPC Q4 net by 25% to Rs 2,079 crore - May 29, 2017