The Group is a diversified infrastructure conglomerate with business interests in Engineering & Construction, Power, Cement, Real Estate, Hospitality, Expressways, Sports & Education (not-for-profit). Jaypee Infratech, a subsidiary of Jaypee Group's flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has delivered 9,500 apartments. The Jaypee Group successfully completed projects in 18 states of India and Bhutan. Jaiprakash Associates sold six integrated cement plants and five grinding plants to UltraTech Cement for US$2.5bn in 2017. [7] The Jaypee group has been selling most of its cement assets to reduce its debt. HAL has obtained initial NOC from Ministry of Aviation to operate Non-Scheduled Air Transport Services. 1079.31 crores plus interest is still pending payment. By PTI. Jaypee Infratech, a subsidiary of Jaiprakash Associates, has an outstanding debt of nearly Rs 9,800 crore. JCCL also has a cement plant of 1.20 MTPA at Shahbad, Karnataka alongwith a 60 MW captive power plant. The group has been forced to give up ownership of many of its subsidiaries in the last few years, to pare its outstanding debt. JAICO was acquired by Jaypee Cement Corporation Limited, a wholly owned subsidiary of JAL to diversify into agri business. Acquired Sangam Power Generation Company Ltd. Jaypee Oilseeds Processing Complex has facilities to handle all types of products and by-products from Soya and Mustard. It owes the bank around US$185m. Contact Us Transforming challenges into opportunities has been the hallmark of the Jaypee Group, ever since its inception five decades ago. Amount of Rs. Initially, the Jaypee Group started as civil engineering contractors. In August 2014, Shree Cements announced that it is set to acquire Jaiprakash Associates' 1.5 million tonne grinding unit at Panipat for 360 crore. District Administration could not hand over physical possession of land to the company due to local villagers agitation. The Objects Clause of the Company was amended to undertake new line of business of Real Estate Development and Management of Toll Rights. The Jaypee group has been selling most of its cement assets to reduce its debt. Jaiprakash Associates Ltd., the flagship company of the Group, is a leader in Construction of river valley and hydropower projects on turnkey basis for more than 4 decades.Jal has participated in the development of 27% of India’s installed hydro power capacity. He is the Chairman of the Jaiprakash Associates Limited. It was founded in 1979. )., 2.2 MnTPA Bhilai Jaypee Cement Ltd., Satna (Madhya Pradesh)., 1.2 million tonnes Jaypee Roorkee Cement Grinding Unit (JRCGU) at Roorkee, Uttarakhand. State-owned NBCC and Suraksha group are … Manoj Gaur is the elder son of Jaiprakash Gaur. JMVPL was incorporated on 31st March, 2010. On 29 February 2016 it was reported that Jaypee group's cement assets will be acquired by Ultra tech amounting to ₹ 16,500 crore (US$2.3 billion) to laid off the debt, making it the largest deal in Indian cement sector. However, the production activities of Soya/ Mustard oil has been stopped. 2002 – Jaypee Karcham Hydro Corporation Ltd established to operate 1,000 MW Karcham Wangtoo HE Project, 2003 – Jaypee Hotel Training Centre (JHTC) is set up at Agra to train students in, 2003 – Jaypee Institute of Engineering Technology (Constituent Centre of JUIT, Waknaghat) set up at, 2004 – Commissioning of second Captive Power Plant of 25 MW at Jaypee Bela Plant, 2005 – Shares of JHPL listed on BSE/NSE. [10] The National Company Law Tribunal has extended the deadline to 31 March 2017 to settle the same. 05th April, 2017. JCHIL was incorporated on 5th November, 2012 as a wholly owned subsidiary of JAL to undertake the business of Hockey Sport. Consequently, its name was also change to YAMUNA EXPRESSWAY TOLLING LIMITED so as to reflect the true nature of its business w.e.f. In November 2017 the Supreme Court of India barred the directors from selling their assets. Now the Jaypee group is the third largest cement producer in the country. He had entered into business in 1958 starting as a civil contractor, and since then, he has built up the multi products Jaypee Group. HAL was incorporated on 23rd July, 2011 as a wholly-owned subsidiary of your Company (JAL), to undertake the civil aviation business. In November 2017 the Supreme Court of India barred the directors from selling their assets. The Jaypee infratech project started its wish town city project in Noida. The project has not yet started. JHL was incorporated on 30th October, 2012. for the establishment of “Jaypee Hospital” with the vision of promoting world class healthcare amongst the masses by providing quality and affordable medical care with commitment. Jaypee Infratech, a subsidiary of Jaypee group flagship firm Jaiprakash Associates Ltd (JAL), is undergoing insolvency proceedings. It has made investment in Kanpur Fertilizer & Cement Ltd. (Which has fertilizer plant in Kanpur) through a joint venture Company viz. Signing of MOU for setting up a 2 million tonnes per annum capacity cement plant in joint venture with Assam Mineral Development Corporation Limited (AMDC). and to reflect the true nature of its business, the name of the Company was also changed and the New Certificate of Incorporation Pursuant to Change of Name of JCCIL to JIDL was issued on 21st February, 2017. Annual Report of Subsidiary. Subsidiary of Jaypee Group, PPGCL put on sale by lenders Dec 2017 , by Realty Plus , in Latest News Prayagraj Power Generation Co. Ltd (PPGCL), a subsidiary of Jaiprakash Power Ventures Ltd have been put up for sale by the lenders. 16,500 crore", "Birla's UltraTech buys JP's cement plants for Rs 16,500 cr", "SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities", https://en.wikipedia.org/w/index.php?title=Jaypee_Group&oldid=992843697, Companies listed on the Bombay Stock Exchange, Creative Commons Attribution-ShareAlike License, Jaypee Karcham Hydro Corporation Limited (JKHCL), Gujarat Jaypee Cement & Infrastructure Limited (GJCIL), Madhya Pradesh Jaypee Minerals Limited (MPJML), Jaypee Ganga Infrastructure Corporation Limited (JGICL), 1986 – Commissioning of first unit of 1 MTPA Jaypee Rewa Plant (JRP) in District Rewa, MP Formation of Jaiprakash Industries Ltd (JIL), 1987 – JIL listed on Bombay Stock Exchange, 1991 – Commissioning of 2nd unit of 1.5 MTPA Jaypee Rewa Plant, 1992 – Jaiprakash Hydro Power Ltd established to operate 300 MW Baspa II HE Project, Jaiprakash Power Ventures Ltd established to operate 400 MW, 1996 – Commissioning of the third cement plant 1.7 MTPA Jaypee Bela Plant in District Rewa, MP, 2000 – Jaypee Greens Ltd – 458-acre (1.85 km. However, the group later expressed interest to bid for Jaypee Infratech, the subsidiary of Jaypee group's flagship firm Jaiprakash Associates. The 300 MW Baspa II and 1,000 MW Karcham Wangtoo projects are among those that are proposed to be sold by Jaypee group to Reliance Power in a … Jaypee is the engineering and construction company for India's Yamuna Expressway, which opened 9 August 2012. JFIL was incorporated on 03rd June, 2010 to carry on the business directly or by making investment in other companies in Fertilizer business. meters of land across five different locations along the Yamuna Expressway.www.jaypeeinfratech.com, BJCL has a 2.20MTPA Clinkerisation Unit at Babupur, Satna, Madhya Pradesh in joint venture with SAIL.www.bjcl.co.in. SPGCL was acquired by JPVL from Uttar Pradesh Power Corporation Limited (UPPCL) for implementation of 1980 MW (3x660 MW) Thermal Power Project in Tehsil Karchana of District Allahabad, Uttar Pradesh. 28.09.2015. It has developed a state-of-the-art 504 bed multi specialty hospital in Noida. It was founded by Jaiprakash Gaur which is a diversified infrastructure conglomerate with business interests in Engineering & Construction, Power, Cement, Real Estate, Hospitality, Expressways, IT, Sports & Education (not-for-profit). JPL has set up 217 kms. UltraTech Cement, an Aditya Birla Group Company, has acquired the 4.8-million tonne per annum (mtpa) Gujarat unit of Jaypee Cement Corporation, for Rs 3,800 crore.As part of the deal, UltraTech will take over debt of Rs 3,650 crore. Gaur Sr, who quit his job with the Uttar Pradesh government to start his own construction business in 1957, built the Rs 5,500-crore group from scratch after five decades of hard work. « Ethical » rating of Jaypee Group , group and subsidiaries Shareholders (1) Business & market; Subsidiaries; Locations & production PPGCL was acquired by JPVL from Uttar Pradesh Power Corporation Limited for implementation of 1980 MW ( 3*660 MW) Thermal Power Project (with permission to add two additional generation units of 660MW each) in Tehsil Bara of District Allahabad, Uttar Pradesh. On 29 February 2016 it was reported that Jaypee group's cement assets will be acquired by Ultra tech amounting to ₹16,500 crore (US$2.3 billion) to laid off the debt, making it the largest deal in Indian cement sector. JAVL was incorporated as Special Purpose Vehicle to undertake the work for development of Inner Ring Road for other infrastructure facilities, under integrated Urban Rejuvenation Plan on Design, Build, Finance, Operate and Transfer basis. Amalgamation of Jaiprakash Power Ventures Ltd. with Jaiprakash Hydro-Power Ltd.; the name of the company i.e., Jaiprakash Hydro-Power Ltd. changed to Jaiprakash Power Ventures Ltd. 2010 – Commissioning of 1.75 MnTPA Jaypee Himachal Cement Grinding and Blending Plant, Bagheri (H.P. It also has the largest land bank in India's National Capital Region, i.e., New Delhi. The private bank alleges that the subsidiary of Jaypee Group has delayed the petition through adjournments of the process. Diversified infrastructural industrial conglomerate Jaypee Group is merging its hotel, cement, real estate and construction subsidiaries Jaypee Hotels (JHL), Jaypee Cement (JCL), Gujarat Anjan Cement (GACL) and Jaiprakash Enterprises (JEL) with the flagship public-listed company Jaiprakash Associates (JAL). Interim Monitoring Committee of Jaypee Infratech Limited . JACL was incorporated as an SPV for setting up a 2 Mn tpa capacity Cement Plant in the North Cachar Hills Distt of Assam, in Joint Venture with Assam Mineral Development Corporation Ltd. (AMDC) and JAL and AMDC as JV partners shall have a shareholding ratio of 82:18 between themselves. Consequently 6 subsidiaries of JPVL namely Jaypee Powergrid Limited, Jaypee Arunachal Power Limited, Sangam Power Generation Company Limited, Prayagraj Power Generation Company Limited, Jaypee Meghalaya Power Limited, Bina Power Supply Company Limited also ceased to be subsidiaries of JAL. Jaypee Group, is an Indian conglomerate company based in Noida, India. 360 Cr Deal", "UltraTech acquires Jaypee group's cement assets for Rs. JMPL is propose to implement 270 MW Umngot HE Project in the Umngot river in the State of Meghalaya and 450 MW Kynshi- II Hydro-electric Power Project in the Kynshi River Basin of Meghalaya on BOOT (Build, Own,Operate and Transfer) basis. JCHIL entered into the Franchisee Agreement with Hockey India League [HIL] for the Team “Jaypee Punjab Warriors”. Under the plan, the company will merge three subsidiaries Jaiprakash Enterprises, Gujarat Anjan Cement and listed firm Jaypee Hotel with itself. Jaypee India Customer Care Number +91-120-4609000, +91-120-2470800 Jaypee India Customer Support Email jaypee@jalindia.co.in: Later he became an entrepreneur, started as a civil contractor in 1958. JIL has developed 165 kilometer long .Yamuna Expressway along the Yamuna river connecting Noida and Agra which was opened for public on 9th August, 2012. [8][9], Due to debt, Jaiprakash Associates has not paid back its fixed deposit holders on time. Its name has since been changed to Bina Power Supply Limited w.e.f. Found within Jaypee Group’s structure are varied fields of activity from hydroelectric production and cement production to hotel and hospitality activities. As such, no physical activity could be started on the ground. 2016 - Jaypee Greens Golf Course, Greater Noida, National Capital Region received the "Best Tourism Friendly Golf Course 2015-16" recognition for the third time. JAPL propose to set up two hydropower projects - Lower Siang Project (2700 MW) and the Hirong Project (500 MW) in Joint Venture with the Government of Arunachal Pradesh. After receiving all the approval from the Board/ Shareholders/ Central Government, the Objects Clause of the Company was substituted to undertake the new line of business of Infrastructure Development, Real Estate etc. JPVL has three operational power plants - , 400 MW Hydro electric Power Plant in Vishnuprayag (Uttarakhand), 500 MW – phase I (of 1200MW) Jaypee Bina Thermal Power Plant in Madhya Pradesh 1320 MW Jaypee Nigrie Super Thermal Plant in Nigrie, District, Singrauli, Madhya Pradesh. Ltd. JCCL, a wholly owned subsidiary of JAL, has a 5.0 MTPA capacity integrated cement plant along with captive power plant of 35 MW at jaggaiahpet, District Krishna, Andhra Pradesh. Jaypee is India's first largest cement producer and the largest private sector hydropower company with 1,700 MW in operation. After the allotment of 305,80,00,000 Equity Shares of Rs.10/- each on 18th February, 2017, by JPVL to its Lenders as a result of SDR, the said Lenders now hold 51% of the post-issue expanded Equity Share Capital of JPVL and JPVL cease to be a subsidiary of Jaiprakash Associates Limited (JAL). JCCIL, a wholly owned subsidiary of JAL was incorporated on 20th October, 2012. Later, The National Company Law Tribunal had approved the proposal of state-owned construction firm NBCC (India) Ltd to acquire the debt-ridden township developer Jaypee Infratech Ltd, a subsidiary of Jaypee group. The Noida based Jaypee Group is a Rs 20,000 crore well diversified conglomerate, which was founded about 60 years ago by Jaiprakash Gaur, 87, a government employee turned successful entrepreneur. 2014 - Jaypee University, Anoopshahr set up at bank of Ganga river in Anoopshahr, District Bulandshahr. Corporate Insolvency Resolution Process of Jaypee Infratech Limited . Consequently 6 subsidiaries of JPVL namely Jaypee Powergrid Limited, Jaypee Arunachal Power Limited, Sangam Power Generation Company Limited, Prayagraj Power Generation Company Limited, Jaypee Meghalaya Power Limited, Bina Power Supply Company Limited also ceased to be subsidiaries of JAL. Jaypee Group has 4 subsidiaries including Jaiprakash Power Ventures, Jaypee Infratech and Jaypee Powergrid. www.jaypeepowergrid.com. Jaypee is the engineering and construction company for India's Yamuna Expressway, which opened 9 August 2012. YEIDA has already started the process of auctioning the property to recover its dues. Jaypee has four thermal power plants totalling 5,120 MW under construction, and these are slated to go on stream by December 2014. Jaiprakash Power Ventures Limited (JPVL) Jaypee Karcham Hydro Corporation Limited (JKHCL) Jaypee Arunachal Power Limited Bina Power Supply Co. Limited Jaypee Power Grid Ltd.(JPL) Bhilai Jaypee Cement Limited (BJCL) Jaypee Group is an Indian conglomerate based in Noida, India.It was founded by Jaiprakash Gaur which is a diversified infrastructure conglomerate with business interests in Engineering & Construction, Power, Cement, Real Estate, Hospitality, Expressways, IT, Sports & Education (not-for-profit). It will issue equity worth Rs 150 crore, with the fresh issue resulting in dilution of no more than 0.32 per cent of its capital. JAICO had set up soya and mustard processing plant at Rewa, Madhya Pradesh. JIL, the group flagship, has an engineering and construction wing which mostly supports Jaypee projects. NEW DELHI: Yes Bank has approached the National Company Law Tribunal (NCLT), Allahabad to initiate insolvency proceedings against Jaypee Healthcare, which is a subsidiary of bankrupt Jaypee Infratech.Crisis-hit Jaypee group's flagship firm Jaiprakash Associates Ltd (JAL) is the promoter of Jaypee Infratech. GJCIL was incorporated as a Joint Venture between Jaiprakash Associates Limited (JAL) and Gujarat Mineral Development Corporation Limited (GMDC), inter-alia, to implement a 2.4 Million tones per annum capacity cement plant in District Kutch, Gujarat. In November 2017 the Supreme Court of India barred the directors from selling their assets. The Jaypee Group operates through its various subsidiaries which are engaged in different business segments. » Shop local, ethical and at the best price on Ethishop . JGICL a wholly owned subsidiary of JAL was incorporated for implementation of 1047 km, long 8-lane Access-Controlled Expressway connecting Greater Noida with Ghazipur- Ballia. [11][12], Jaypee Institute of Information Technology, Jaypee University of Information Technology, Jaypee University of Engineering & Technology, Largest underground powerhouse in country, "National Tourism Award for "Best Tourism Friendly Golf Course 2015-16" awarded to Jaypee Greens Golf Course, Greater Noida, National Capital Region", "Reliance Power shares up on Jaiprakash hydro-power Deal", "Shree Cement-JP Associates' Rs. In September 2015, JSW Energy acquired two hydropower Projects of Jaiprakash Associates in a deal worth ₹ 9,700 crore.[6]. BPSL was originally incorporated as Himachal Karcham Power Company Limited on 14th March, 2014. - cement and Power sector of Soya/ Mustard oil has been selling most of its cement to. Expressway TOLLING Limited so as to reflect the true nature of its cement assets for Rs a subsidiary of Group. Which has Fertilizer plant in Kanpur ) through a joint venture company viz August 2012 on 5th November 2012. Kanpur Fertilizer & cement Ltd. 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