Jaypee Group

Jaiprakash Gaur, Founder Chairman of Jaypee Group, the contracting firm of Srisailam Left Bank Canal project that suffered partial collapse trapping eight persons, on Wednesday said accidents may happen during difficult works. Jaiprakash Associates Ltd the flagship company of Jaypee Group was awarded the contract of tunnel boring of SLBC. Speaking to reporters at the accident site, after meeting Minister Komatireddy Venkat Reddy, the nonagenarian said he had seen six to seven accidents during his professional career. "In these difficult works, such things happen. In my life, I think there might be six or seven accidents, the Tehri (project), in Bhutan, in J&K, everywhere. You have to encounter all this," he said. Gaur further said the teams are doing their best to see that those trapped individuals come out. Two engineers and four labourers of the eight trapped persons are working for Jaiprakash Associates. The firm on February 23 informed the stock exchanges that a day before,

Move to help Max establish foothold in North India region

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 3,961 crore, including principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the company on May 31 defaulted on repayments of a principal amount of Rs 1,600 crore and interest of Rs 2,361 crore. The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds). "The total borrowing (including interest) of the company is Rs 29,429 crore, repayable by 2037, against which only Rs 3,961 crore is overdue as on May 31, 2023," JAL said. Out of the total borrowing of Rs 29,429 crore, the company said that Rs 18,231 crore will get further reduced on transfer to the proposed Special Purpose Vehicle (SPV) for which the scheme of arrangement duly approved by all the stakeholders, is pending sanction of National Company Law Tribunal

The flagship company of the infrastructure-focused Jaypee Group has borrowings of Rs 29,396 crore, which are due for repayment by 2037, it said

Shree Cement adding 9 mtpa of capacity in the next 15 months, HM Bangur says; total cement production capacity of company to jump to 56.4 mtpa...

Dalmia Bharat Ltd on Monday announced the acquisition of the cement assets of Jaypee Group's flagship company Jaiprakash Associates Ltd and its associate firms at an enterprise value of Rs 5,666 crore. In a regulatory filing, Dalmia Bharat informed that its wholly-owned subsidiary Dalmia Cement Bharat Limited (DCBL) has entered into a "binding framework agreement for the acquisition of clinker, cement and power plants from Jaiprakash Associates Limited and its associate company." The deal includes a total cement capacity of 9.4 Million tones (MnT) per annum, along with clinker capacity of 6.7 MnT and thermal power plants of 280MW at an enterprise value of Rs 5,666 crore, it added. "These assets are situated in the states of Madhya Pradesh, Uttar Pradesh and Chhattisgarh," said Dalmia Bharat. The acquisition will help Dalmia to expand its footprint into the central region, it added. Besides, it will also "represent a significant step towards realisation of its vision to emerge as a

Dalmia Cement is a front runner to acquire the company apart from the Adani group and Aditya Birla group were also in the fray

Jaypee group firm Jaypee Power Ventures will hold a board meeting on Monday to consider a proposal to divest its Nigrie cement grinding plant in Madhya Pradesh. In a regulatory filing, Jaypee Power Ventures informed that a board meeting has been convened on Monday to "apprise the board of the recommendations of the Audit Committee to consider the proposal of divestment of Jaypee Nigrie cement Grinding unit." Separately, Jaypee Group flagship firm Jaiprakash Associates informed that a board meeting has been convened on Monday to apprise the board of the recommendations of the audit committee and the progress on the various divestment initiatives. Jaiprakash Associates Ltd (JAL) presently has an aggregate capacity of around 6 million tonnes per annum (MTPA) and Jaiprakash Power Ventures Ltd has around 4 MTPA. In October, Jaiprakash Associates and Jaiprakash Power Ventures had announced plans to divest their cement business as well as some non-core assets to reduce debt. Sources h

Jaypee Infratech deal expected to close by early Nov

Amrapali, Jaypee Group were once the leading names in real estate sector

The Jaypee group has already sold many cement and power plants to reduce its debt

A spokesperson for the Jaypee group said the company would take the matter to court

The embattled business group defaulted on payments of over Rs 500 cr, Yamuna Expressway Authority claims

The Bench posted the matter for further hearing on Thursday and extended the status quo order till then

On July 30, the NCLAT had allowed fresh bidding for cash-strapped Jaypee Infratech but barred its promoter, Jaypee Group, from participating in the auction

The top court said it will hear a plea of homebuyers along with the statutory appeal of Jaypee Group against the July 30 order of National Company Law Appellate Tribunal

The Jaypee group's two holding companies Jaiprakash Associates Ltd and Jaypee Infratech Ltd are facing insolvency proceedings

Efforts are in place as part of its Rs 100 bn proposal to revive the bankruptcy-hit real estate firm

Supreme Court extended the time from October 27 to November 5 for the company to deposit Rs 2000 crore.

The apex court, however, extended the time from October 27 to November 5 for the company to deposit Rs 2,000 crore