Key Highlights
The Government of India, through Ministry of Corporate Affairs, took management control of IL&FS and appointed a new Board in October 2018 in an effort to control defaults and restore confidence and financial stability in Capital Markets.
Projects
Projects Details
Waste To Energy Plant, Ghazipur
Status : Monetised by way of Stake SaleddIn a path-breaking PPP initiative for the East Delhi Municipal Corporation, IL&FS Environment, an IL&FS company, set up a Waste to Energy plant at the Ghazipur dumpsite, which receives more than 2000 tons per day of Delhi's municipal solid waste. It provides a scientific solution to address some of the environmental, health and safety hazards posed by the 29-hectare dumping ground containing 12 million tons of accumulated garbage. An elaborate seven-stage pre-processing section in the plant converts waste to Refuse Derived Fuel of high calorific value. Set up to initially process 1300 tons per day (TPD) of municipal solid waste and generate 12 MW of Green Power, the plant is built with a capacity to process 2000 TPD of waste.
Education and Technology
Status : Monetized by way of Stake SaleIL&FS Education and Technology Services is the social infrastructure initiative of IL&FS India that was established in 1997 to promote Education, Employability, and Empowerment, The Company was later renamed as Schoolnet India Limited, as a part of the corporate branding exercise .
Schoolnet India Limited (SIL) is India’s first and one of the leading Ed-Tech service providers providing digital and digitally-enabled services to K-12 schools through proprietary digital content, devices, platforms and solutions.
IL&FS Group holds 73.69 per cent stake in SIL; SIL holds 80% stake in IL&FS Skill Development Corporation (ISDC) and also has two wholly owned subsidiaries - IL&FS Cluster Development Initiative Limited (ICDI) and Skill Training Assessment Management Partners Limited (STAMP).
ISDC offers job linked vocational program to the youth.
ICDI provides advisory and management services to Central Govt, State Govts and Industries for development of common infrastructure and facilities in Brownfield and Greenfield industrial clusters.
STAMP provides assessment solutions on a life-cycle approach: students, youth (job seekers) and working professionals.
The Company also implemented ICT@School project - a technology led academic support system aimed at assisting in creating conducive environment for providing Computer Education for Students and Teachers.
