Jaiprakash Associates defaults on million loan repayment
ECONOMY & POLICY

Jaiprakash Associates defaults on million loan repayment

Crisis-hit Jaiprakash Associates, the parent company of the Jaypee Group, has defaulted on loans totalling $41,610,000,000, including principal and interest.

Jaiprakash Associates Ltd (JAL) disclosed that it missed a payment of $25,080 million in interest and $16,530 million in principle on March 31 in a regulatory filing on April 29

. The loans were made to several banks, and the types of obligations included term loans, FCCBs (foreign currency convertible bonds), fund-based working capital, and non-fund-based working capital.

Crisis-hit Jaiprakash Associates, the parent company of the Jaypee Group, has defaulted on loans totalling $41,610,000,000, including principal and interest. Jaiprakash Associates Ltd (JAL) disclosed that it missed a payment of $25,080 million in interest and $16,530 million in principle on March 31 in a regulatory filing on April 29. The loans were made to several banks, and the types of obligations included term loans, FCCBs (foreign currency convertible bonds), fund-based working capital, and non-fund-based working capital.

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Next Story
Real Estate

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Next Story
Infrastructure Transport

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?