... Subsidiaries: Click Here; Jaypee Main Contact Information. 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. However, the group later expressed interest to bid for Jaypee Infratech, the subsidiary of Jaypee group's flagship firm Jaiprakash Associates. In September 2015, JSW Energy acquired two hydropower Projects of Jaiprakash Associates in a deal worth ₹ 9,700 crore.[6]. It has developed a state-of-the-art 504 bed multi specialty hospital in Noida. 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. It also has the largest land bank in India's National Capital Region, i.e., New Delhi. Jaypee’s debt, at the group-level, as of 31 March 2015, stood at ₹ 85,726 crore. JIL, the group flagship, has an engineering and construction wing which mostly supports Jaypee projects. The project has not yet started. The Jaypee Group operates through its various subsidiaries which are engaged in different business segments. 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. JCCL also has a cement plant of 1.20 MTPA at Shahbad, Karnataka alongwith a 60 MW captive power plant. JPL has set up 217 kms. Due to delay in getting Environment clearance by appropriate authorities, the concession agreement may be rescinded. 360 Cr Deal", "UltraTech acquires Jaypee group's cement assets for Rs. The Jaypee group has been selling most of its cement assets to reduce its debt. The merger will bring the group’s all cement companies under one roof … District Administration could not hand over physical possession of land to the company due to local villagers agitation. HAL was incorporated on 23rd July, 2011 as a wholly-owned subsidiary of your Company (JAL), to undertake the civil aviation business. 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. Jaypee Group loses 1,000 hectare land that has India’s only F1 Circuit over non-payment of dues. Jaypee Infratech currently has about Rs 24,000 crore worth assets, including land parcels, Yamuna Expressway and … 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. 2014 - Jaypee University, Anoopshahr set up at bank of Ganga river in Anoopshahr, District Bulandshahr. Transforming challenges into opportunities has been the hallmark of the Jaypee Group, ever since its inception five decades ago. [7] The Jaypee group has been selling most of its cement assets to reduce its debt. 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). JCCIL, a wholly owned subsidiary of JAL was incorporated on 20th October, 2012. 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. JIL is also developing five integrated townships over 25 million Sq. Manoj Gaur is the elder son of Jaiprakash Gaur. It was founded in 1979. 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. Group Profile. JAICO had set up soya and mustard processing plant at Rewa, Madhya Pradesh. The group's cement facilities are located today all over India in 10 states, with 18 plants having an aggregate cement production capacity of 24 million tonnes and same is poised to become 36 million Tonnes before October 2011.[4]. Two subsidiary companies of Jaypee group were involved, firstly the Jaiprakash Associates Limited (JAL) which allocated the letters to homebuyers; secondly, Jaypee Infratech Limited (JIL) who received the payments in its bank account from the homebuyers. 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. Contact Us Corporate Insolvency Resolution Process of Jaypee Infratech Limited . It owes the bank around US$185m. [8][9], Due to debt, Jaiprakash Associates has not paid back its fixed deposit holders on time. 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. www.jppowerventures.com. 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. Jaypee Group has 4 subsidiaries including Jaiprakash Power Ventures, Jaypee Infratech and Jaypee Powergrid. Jaypee Group, is an Indian conglomerate company based in Noida, India. [10] The National Company Law Tribunal has extended the deadline to 31 March 2017 to settle the same. 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. In November 2017 the Supreme Court of India barred the directors from selling their assets. He is the Chairman of the Jaiprakash Associates Limited. 2009 – Amalgamation of four Group Companies, namely, Jaypee Cement Limited, Gujarat Anjan Cement Limited of Gujarat-based infrastructure conglomerate Anjan Group, Jaypee Hotels Limited and Jaiprakash Enterprises Limited with flagship company JAL. 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. Amount of Rs. Found within Jaypee Group’s structure are varied fields of activity from hydroelectric production and cement production to hotel and hospitality activities. 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. He had entered into business in 1958 starting as a civil contractor, and since then, he has built up the multi products Jaypee Group. 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. 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. Jaypee Group’s flagship is the holding company for subsidiaries with interests in engineering and construction, cement, power, real estate, hospitality and healthcare. Group is setting up a Jaypee Hitech Casting Centre. 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. Its name has since been changed to Bina Power Supply Limited w.e.f. 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) 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). However, the production activities of Soya/ Mustard oil has been stopped. Jaypee Group has 437 competitors including GE (United States (USA)) , Alphabet Inc (United States (USA)) and 3M (United States (USA)) . [7] [8] 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. After acquiring a Diploma in Civil Engineering in 1950 from the now called Indian Institute of Technology Roorkee (IITR) in Roorkee, Uttarakhand, he had a stint with the Government of Uttar Pradesh. In November 2017 the Supreme Court of India barred the directors from selling their assets. Annual Report of Subsidiary. Later he became an entrepreneur, started as a civil contractor in 1958. Jaypee is the engineering and construction company for India's Yamuna Expressway, which opened 9 August 2012. 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). Jaypee Infratech, a subsidiary of Jaypee group flagship firm Jaiprakash Associates Ltd (JAL), is undergoing insolvency proceedings. , is an India based conglomerate and cement providing company ever since its inception five decades.! 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