Epic Research

Saturday, December 15, 2012

Epic Update : IDBI Bank

The controversial Delhi-Gurgaon Expressway project has been driving worries for its operator and lenders these days. Ever since the National Highways Authority of India (NHAI) served a termination notice on project operator Delhi-Gurgaon Super Connectivity Ltd ( DGSCL) in January, the government has been worried about the money of lenders who had invested around Rs 1,600 crore as debt in the project. Reports have said that government may ask IDBI Bank to step in and bail out the IDFC-led consortium which has exposure of Rs 1,600 crore to the project.

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