Valecha Engineering Limited Announces Defaults on Payment of Interest/ Repayment of Principal Amount for Loans

Valecha Engineering Limited is engaged in the business of roads and other project, and ground engineering services. The Company operates through Construction Activity segment. It is engaged in the construction of infrastructure and engineering projects, such as roads, highways and expressways; bridges and tunnels; airports; irrigation dams, reservoirs and canals; railways, foundation and piling works, and building works. Its irrigation projects include Karanjwan dam in Upper Godavari Project, Nasik District; Central Spillway of the Upper Wardha Project in Amravati District, and Warna Masonry dam in Sangli District. It has also developed the bridges across Bhima River and Ghod River in Maharashtra. It also developed Valecha Chambers, which is an eight-story structure and consists of basement, ground and six upper floors with column-free floor spaces. The Company is also focused on construction of the concrete roads in Pune city for Pune Municipal Corporation.