- Business
- IL&FS Transportation Networks Limited (ITNL) is a wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS), established in 2000 and headquartered in India. The company specializes in the development, operation, and maintenance of transportation infrastructure, primarily in India, with international operations in Spain, Portugal, and Latin America. ITNL's core products and services include Build-Operate-Transfer (BOT) road projects; highways and roads development and management; metro rail infrastructure; city bus services; border check-post operations; and engineering, procurement, and construction (EPC) services for infrastructure projects. It manages a portfolio of approximately 13,100 lane kilometers of roads, including national highways, expressways, tunnels, and ring roads across various states such as Jharkhand, Jammu & Kashmir, Assam, Meghalaya, Uttar Pradesh, West Bengal, and Odisha, operating on both toll and annuity bases.
In the last two years, ITNL has undergone significant strategic and operational changes. Notably, it completed the divestment of its entire stake in Chenani Nashri Tunnelway Limited to Cube Highways and Infrastructure II Pte Ltd for INR 5,429 crore, marking a key move in its portfolio restructuring and debt resolution strategy. The company also transferred its equity stake in Moradabad Bareilly Expressway Limited to Roadstar Infra Investment Trust as part of its debt resolution efforts. Additionally, ITNL has seen changes in its subsidiary holdings, including the striking off of Elsamex SAU in Spain, which was part of its international highway operations. It continues to focus on monetizing its road assets through InvITs (Infrastructure Investment Trusts) to aid in the repayment of its significant group debt.
ITNL operates mainly in the infrastructure and transportation sector, targeting government bodies and public infrastructure projects within India and overseas. The company maintains its position as India's largest BOT road asset owner and is actively engaged in resolving its financial and operational liabilities through strategic asset sales and partnerships. Its ongoing emphasis on road asset monetization, asset sales, and stakeholder engagement reflects its focus on stabilizing financial health while continuing to develop and manage critical transportation infrastructure.
This comprehensive approach defines IL&FS Transportation Networks Limited's business and recent strategic developments as it navigates the evolving infrastructure landscape in India and abroad.