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India’s Kesoram Industries Announces $11 Million Loan Default
India’s Kesoram Industries announced a loan default of Rs 79 crore.
09 Mar 2020, 07:02 AM IST 
A cement mixer stands at an abandoned construction site. (Photographer: Prashanth Vishwanathan/Bloomberg)
(Bloomberg) -- India’s Kesoram Industries Ltd. announced a loan default of 790 million rupees ($10.7 million).
The company, which defaulted on interest payments in January, has total outstanding loans of 20.70 billion rupees, according to a company filing.
To contact the reporter on this story: Archana Chaudhary in New Delhi at achaudhary2@bloomberg.net
To contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Allen Wan
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