IL&FS crisis impacts JVs with Rajasthan, Jharkhand, Chhattisgarh, Andhra

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With the Infrastructure Leasing and Financial Services (IL&FS) group in crisis, it is not just the Centre but even states like Rajasthan, Jharkhand, Chhattisgarh and Andhra Pradesh which may need to step in to ease the deadlock around certain projects. The 348 companies in the group include its joint ventures with various state governments.Two of these state joint venture-related entities are now placed under a negative rating watch. India Ratings on Wednesday placed non-convertible debentures (NCDs) of Jharkhand Road Projects Implementation Company’s (JRPICL’s) on …
Source: Business Standard