In the Shadow of Bankruptcy Katerra Continues India Operation
<span style="font-weight: 400;">Following a thorough review of strategic business alternatives, certain Katerra U.S. and Cayman Island entities have voluntarily filed for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of
Published -
Jun 11, 2021 4:05 AM
Following a thorough review of strategic business alternatives, certain Katerra U.S. and Cayman Island entities have voluntarily filed for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. This filing does not affect the operations of Katerra’s international affiliates, such as Katerra India. “Our construction, design, and factories continue doing business as usual. We remain committed to the completion of all on-going projects and we are actively seeking new projects,” said Ankur Gupta, President Katerra India. “Our customers and vendors should know that we remain steadfast in our business and in our commitment to them. We look forward to a long and fruitful relationship with our customers and vendors.” Business at Katerra India continues to be positive with a strong pipeline and handovers scheduled during 2021 – 2022. Katerra India has a diverse portfolio of projects that include hospitals, business parks, malls, hotels, residential and commercial buildings, and aviation, across Karnataka, Kerala, Telangana, Odisha, Maharashtra, Goa, and U.P. Katerra India offers a wide range of precast construction components and construction services including architectural and structural design, design-and-build, turnkey, fit-out and much more.
Tags : design ALLIED construction India Katerra bankruptcy Continue Operation factories