Jaiprakash Associates Transfers Himalayan Expressway Rights to Cloudneo Amid Continued Losses

Unknown Apr 02, 2026 1,250 Views

Jaiprakash Associates Ltd (JAL) has announced the transfer of concession rights for the Himalayan Expressway project to Cloudneo Highways Pvt Ltd, citing sustained financial losses incurred by its subsidiary, Himalayan Expressway Ltd (HEL). The move is part of JAL’s broader strategy to stre...