Our Portfolio
JAYPEE Infratech Limited
Jaypee Infratech Limited is a Special Purpose Vehicle (SPV) incorporated on April 5, 2007 to undertake 6 lane 165 km long Yamuna Expressway Project stretching from Noida to Agra. JIL has development rights on 6,175 acres of land along the expressway (YEIDA allotted in total 10,920 acres including 4,745 acres for expressway) for 90 years lease for residential, commercial, amusement, industrial and institutional use with a focus on future real estate development. The 6 lane-expressway is operational and residential projects with ~30,000 flats are under implementation.
The company was under stress and it turned NPA in Mar-16, following which it was admitted into CIRP in Aug-17. NARCL in consulation with IDRCL acquired ~94% of principal outstanding debt from financial institutions.
SSA International Limited
SSA International Limited (SSA) incorporated in 1991 is engaged in business of processing and trading of basmati rice, rice bran oil and soya extraction. It has two Rice Mill unit (220 MT/Day), Rice Bran Solvent Extraction unit (150 MT/Day) and Soyabean Solvent Extraction unit (600 MT/Day) at Mandideep, Madhya Pradesh. The company majorly catered to B2B segment and 45% of its revenue in FY’16 were contributed from exports mainly in Middle East and Europe.The company came into stress and was declared NPA in Jan-16 by the lenders. And it is non-operational since 2017. NARCL in consulation with IDRCL acquired 100% debt of the company.
Helios Photo Voltaic Limited (HPVL)
Helios Photo Voltaic Limited (HPVL) previously known as Moser Baer Photo Voltaic Limited, having registered office in Okhla Industrial Estate, Delhi was incorporated on Dec-2005
HPVL was engaged in design and manufacture of photo voltaic cells, solar modules and systems located in Greater Noida. HPVL has commissioned a 5 MW Solar Power plant at Jodhpur in Nov-2011 having 25 years PPA with NTPC Vidyut Vyapar Nigam Ltd.
HPVL’s debt was restructured in Nov-2012 under CDR mechanism. CDR mechanism failed in Oct-2015 and the account was eventually classified as NPA with effect from Dec 31, 2012
NARCL on Mar 03, 2023 has acquired ~70% debt from PNB, SBI, Union Bank of India and Canara bank