Crisis-Hit Jaiprakash Associates Defaults on Rs.4,616 Crore Loans

09 May 2024 CW Team

Jaiprakash Associates, amidst its financial turmoil, has defaulted on loans amounting to ?4,616 crore. This default further exacerbates the challenges faced by the crisis-hit company, adding to its financial woes. The inability to meet loan obligations underscores the depth of the financial crisis gripping Jaiprakash Associates, a prominent player in the Indian infrastructure sector. The default raises concerns among stakeholders, including lenders, investors, and employees, about the company's viability and future prospects. Jaiprakash Associates' ongoing financial struggles highlight broader issues within the infrastructure industry and underscore the importance of effective risk management and financial sustainability measures.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

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NAREDCO NextGen NCR Chapter Launched

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