IL&FS Transportation Networks

IL&FS Transportation Networks Limited is a public company that develops, operates, and facilitates surface transportation infrastructure projects in India on a Build-Operate-Transfer basis. Its core resolution strategy involves creating an Infrastructure Investment Trust (InvIT), which is expected to provide higher value realization for all its stakeholders. Despite halting new construction, it continues Operation and Maintenance (O&M) activities for its Special Purpose Vehicles (SPVs) to maintain their going-concern status. The company is a part of the Infrastructure Leasing and Financial Services Limited (IL&FS) group, which is under a reconstituted board following government orders. As part of its resolution, the company has begun the process of selling its direct and indirect international subsidiaries located across different countries. As of the report date, the company has a significant operational footprint with sixteen road projects currently under its operation and maintenance.;