Brahmaputra Infrastructure gets nod for CDR

Brahmaputra Infrastructure has received an approval for Corporate Debt Restructuring (CDR) under CDR Mechanism in terms of guidelines laid down by the Reserve Bank of India (RBI) in February 2014. The board of directors at its meeting held on May 15, 2014 has approved for the same. Further, the board has also delegated the powers to Joint Managing Director to co-ordinate with the consortium of bankers for the same and to take all necessary actions as may be required from time to time. Brahmaputra Infrastructure is an infrastructure project development company and provides engineering, procurement and construction services for infrastructure projects in India. BIL is also executing real estate development projects.