In a recent development, Shree Jagannath Expressways Private Limited (SJEPL), which is one of the associate companies in Odisha, has recently won an arbitration award of over Rs. 100 crore and that NHAI will soon release the money given the government's stated stance of not getting into long tenure disputes and settle claims as per award of arbitration so that further investments can come into the road sector. The SJEPL project has also received refinancing sanction for reduction in interest rates, which will bring down its cost of fund by almost 3% resulting in annual savings of almost Rs. 30 crore.
📅Published on:
07 October 2017
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