Jaypee Group

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). In November 2017 the Supreme Court of India barred the directors from selling their assets.

Jaypee Group
Public
IndustryConglomerate
Founded1979 (1979)[1]
FounderJaiprakash Gaur
HeadquartersNoida, Uttar Pradesh, India
Key people
Jaiprakash Gaur (Chairman)
ProductsEngineering
Construction
Cement
Power
Hospitality
Real Estate
Expressways
Information Technology
Revenue ₹138.31 billion (US$1.9 billion) (2010–11)[2]
SubsidiariesJaiprakash 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)
Gujarat Jaypee Cement & Infrastructure Limited (GJCIL)
Bokaro Jaypee Cement Limited (BOJCL)
Madhya Pradesh Jaypee Minerals Limited (MPJML)
Jaypee Infratech Limited (JIL)
Jaypee Ganga Infrastructure Corporation Limited (JGICL)
Himalayan Expressway Ltd.
JPSK Sports Pvt. Ltd.[3]
Websitewww.jalindia.com/ 
Sardar Sarovar Dam, India
Tehri Dam India – the largest rock and earth fill dam in Asia, completed by Jaypee

History

Jaiprakash Gaur is the founder and was chairman of Jaiprakash Associates Limited. 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. Later he became an entrepreneur, started as a civil contractor in 1958. Now the Jaypee group is the third largest cement producer in the country. 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]

  • 1982 – Hotel Vasant Continental was set up
  • 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 Vishnuprayag HE project
  • 1993 – JIL signs a memorandum of understanding to develop and operate 1,000 MW Karcham Wangtoo Hydroelectric Plant
  • 1995 – Bela Cement Ltd incorporated to establish third Cement Plant at Bela, Hotel Jaypee Residency Manor set up
  • 1996 – Commissioning of the third cement plant 1.7 MTPA Jaypee Bela Plant in District Rewa, MP
  • 1999 – Hotel Jaypee Palace, Agra set up
  • 2000 – Jaypee Greens Ltd – 458-acre (1.85 km2) golf-centric real estate company comes into being
  • 2001 – Jaypee Institute of Information Technology (deemed University since 1 November 2004) set up at Noida.
  • 2002 – Jaypee Karcham Hydro Corporation Ltd established to operate 1,000 MW Karcham Wangtoo HE Project, Jaypee University of Information Technology at Waknaghat, Himachal Pradesh is founded.
  • 2003 – Jaypee Hotel Training Centre (JHTC) is set up at Agra to train students in hotel management. In 2007 the institute changed its program from a diploma course to a degree course and increased the length of study from two to three years.
  • 2003 – Jaypee Institute of Engineering Technology (Constituent Centre of JUIT, Waknaghat) set up at Raghogarh, Guna. Later this institute was declared first private state university of Madhya Pradesh as Jaypee University of Engineering & Technology. Also first Captive Thermal Power Plant of 25 MW commissioned at JRP. Formation of Jaiprakash Associates Ltd (JAL) by merging JIL with Jaypee Cement Ltd
  • 2004 – Commissioning of second Captive Power Plant of 25 MW at Jaypee Bela Plant
  • 2005 – Shares of JHPL listed on BSE/NSE. First hydropower company to be listed in the country
  • 2006 – Setting up of Madhya Pradesh Jaypee Minerals Corporation Ltd (MPJMCL) in JV with MP State
  • 2007 – Signing of a joint venture agreement with Steel Authority of India Ltd for setting up a 2.0 MTPA slag based cement plant at Bhilai.
  • 2008 – Jaypee Ganga Infrastructure Corporation Ltd incorporated for implementation of 1,047 km long, eight-lane, access-controlled expressway between Greater Noida and Ballia in Uttar Pradesh, Chunar, and Dalla cement plants (UPPCL) in UP commissioned
  • 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. Acquired Sangam Power Generation Company Ltd. 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). Group is setting up a Jaypee Hitech Casting Centre. 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.)., 2.2 MnTPA Bhilai Jaypee Cement Ltd., Satna (Madhya Pradesh)., 1.2 million tonnes Jaypee Roorkee Cement Grinding Unit (JRCGU) at Roorkee, Uttarakhand.
  • 2011 – Buddh International Circuit – Greater Noida.
  • 2012–Yamuna Expressway-New Delhi NOIDA -Agra Express eight-lane highway. Project completed on 9 August 2012, and opened to general public.
  • 2014-Himalayan Expressway-Zirakpur - Kalka six-lane highway. Project completed and opened to general public.
  • 2014- Jaypee University, Anoopshahr set up at bank of Ganga river in Anoopshahr, District Bulandshahr.
  • 2016- Jaypee Greens Golf Course, Greater Noida, National Capital Region received the "Best Tourism Friendly Golf Course 2015-16" recognition for the third time.[5]

Overview

Manoj Gaur is the elder son of Jaiprakash Gaur. He is the Chairman of the Jaiprakash Associates Limited. Jaypee is India's first largest cement producer and the largest private sector hydropower company with 1,700 MW in operation. The Jaypee Group successfully completed projects in 18 states of India and Bhutan. Jaypee is the engineering and construction company for India's Yamuna Expressway, which opened 9 August 2012.

JIL, the group flagship, has an engineering and construction wing which mostly supports Jaypee projects. It also has the largest land bank in India's National Capital Region, i.e., New Delhi. Jaypee has four thermal power plants totalling 5,120 MW under construction, and these are slated to go on stream by December 2014.

Hydropower projects

In September 2015, JSW Energy acquired two hydropower Projects of Jaiprakash Associates in a deal worth ₹9,700 crore.[6]

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.[7] The Jaypee group has been selling most of its cement assets to reduce its debt.

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.[8][9]

Due to debt, Jaiprakash Associates has not paid back its fixed deposit holders on time. Amount of Rs. 1079.31 crores plus interest is still pending payment.[10] The National Company Law Tribunal has extended the deadline to 31 March 2017 to settle the same.[11]

gollark: == display(5)
gollark: == display("2")
gollark: Perfect.
gollark: == foldr
gollark: == concat(zip(zip("<:Thonk:445016973798014987>", "<:Thonkdown:433149076721238016>"), "<:chips:453465151132139521>"))

References
  1. Sanjeev Choudhary (25 March 2009). "Jaypee Group keeps head above water". The Economic Times. Retrieved 24 September 2010.
  2. "Jaypee Group | Investors-Highlights". Jalindia.com. Archived from the original on 18 August 2010. Retrieved 24 September 2010.
  3. "Jaypee Group | Corporate-Subsidiaries". Jalindia.com. Archived from the original on 18 August 2010. Retrieved 24 September 2010.
  4. "Jaypee Group | Corporate-Profile". Jalindia.com. Archived from the original on 17 September 2010. Retrieved 24 September 2010.
  5. "National Tourism Award for "Best Tourism Friendly Golf Course 2015-16" awarded to Jaypee Greens Golf Course, Greater Noida, National Capital Region". Corporate. Retrieved 27 September 2017.
  6. "Reliance Power shares up on Jaiprakash hydro-power Deal". news.biharprabha.com. IANS. 28 July 2014. Retrieved 28 July 2014.
  7. "Shree Cement-JP Associates' Rs. 360 Cr Deal". Bloomberg TV India. 26 August 2014.
  8. "UltraTech acquires Jaypee group's cement assets for Rs. 16,500 crore". Business Line. 29 February 2016.
  9. "Birla's UltraTech buys JP's cement plants for Rs 16,500 cr". Business Standard. 28 February 2016.
  10. "Letter to fixed deposit holders" (PDF). Jalindia.com. Retrieved 20 February 2017.
  11. "NCLT order" (PDF). Retrieved 20 February 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.