Credit rating agency, Credit Analysis & Research (CARE) has revised the ratings of Jaiprakash Associates’ bank loan facilities and NCDs. The company has however made suitable representation to the Rating Agency for a review of the same.
Jaiprakash Associates (JAL) is an India-based diversified infrastructure conglomerate. JAL's business sectors include engineering and construction; manufacturing and marketing of cement; energy (power and transmission); expressways; real estate, and hospitality.