Jaiprakash Associates (JAL) has planned to divest their cement business to reduce debt. The Board of Directors in their meeting held on October 10, 2022 has decided the same. The company’s decision to sell their cement business also comes against the backdrop of a recent plea by the country's biggest lender SBI to initiate insolvency proceedings against company.
Jaiprakash Associates (JAL) is the engineering and construction arm of the Jaypee group focused on development of river valley and hydro electric projects and a leader in construction of river valley and hydropower projects on turnkey basis for more than four decades.
