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SEW LSY Highways Limited Highway Project

Sector: Road • Location: Hyderabad, Telangana, India

Source: NDTV

Project
Non-Performing Asset

SEW LSY Highways Limited was incorporated as a special purpose vehicle (SPV) for the execution of a highway project assigned by the Uttar Pradesh State Highway Authority to a consortium of SEW Infrastructure Limited and Prasad & Company (Project Works) Private Limited. The project was backed by a Rs 1,700-crore term loan from a consortium of 14 banks led by Punjab National Bank, of which Rs 603.68

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The project “SEW LSY Highways Limited Highway Project” is an infrastructure initiative in the Road sector, located in Hyderabad, Telangana, India. Taiyo aggregates data on it from NDTV.

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Participants

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non-performing asset

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Description

Description

SEW LSY Highways Limited was incorporated as a special purpose vehicle (SPV) for the execution of a highway project assigned by the Uttar Pradesh State Highway Authority to a consortium of SEW Infrastructure Limited and Prasad & Company (Project Works) Private Limited. The project was backed by a Rs 1,700-crore term loan from a consortium of 14 banks led by Punjab National Bank, of which Rs 603.68 crore was disbursed. The project was not completed and the term loan became a non-performing asset, resulting in an outstanding amount of Rs 621.78 crore to the banks.

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Source reliability

High

Data quality score

100%

Source

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URL

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