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Lenders tag Bajaj Hindusthan as NPA, debt recast plan under discussion

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019

Topics
Bajaj Hindusthan Sugar | Non performing assets | sugar firms

Abhijit Lele & Dev Chatterjee  |  Mumbai 



Sugar production, sugar mills
Representative image

Lending banks have declared Sugar, one of India’s largest manufacturers, a non-performing asset (NPA) after it failed to make payments related to its debt, whose gross value stood at Rs. 4,814 crore as of March this year.

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First Published: Tue, July 05 2022. 19:14 IST

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