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. Group is setting up a Jaypee Hitech Casting Centre. 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. 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. 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. Jaypee Oilseeds Processing Complex has facilities to handle all types of products and by-products from Soya and Mustard. In November 2017 the Supreme Court of India barred the directors from selling their assets. JFIL was incorporated on 03rd June, 2010 to carry on the business directly or by making investment in other companies in Fertilizer business. 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 … 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. 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. However, the production activities of Soya/ Mustard oil has been stopped. 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. 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. As such, no physical activity could be started on the ground. District Administration could not hand over physical possession of land to the company due to local villagers agitation. The project could not progress as Agra Development Authority has not been able to fulfill its obligation in respect of 'Condition Precedent'. JAICO had set up soya and mustard processing plant at Rewa, Madhya Pradesh. Corporate Insolvency Resolution Process of Jaypee Infratech Limited . 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). Jaypee Infratech, a subsidiary of Jaypee group flagship firm Jaiprakash Associates Ltd (JAL), is undergoing insolvency proceedings. 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. The Jaypee group has been selling most of its cement assets to reduce its debt. 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. The Group is a diversified infrastructure conglomerate with business interests in Engineering & Construction, Power, Cement, Real Estate, Hospitality, Expressways, Sports & Education (not-for-profit). Developed & Maintained by JIL Information Technology Ltd, Contact any time: (120) 4609000, 2470800 , Fax: (120) 4609464, 4609496. JPL has set up 217 kms. [7] The Jaypee group has been selling most of its cement assets to reduce its debt. Management and controls of the JVC is vested in JAL. Jaypee Group has 4 subsidiaries including Jaiprakash Power Ventures, Jaypee Infratech and Jaypee Powergrid. Uttar Bharat Vikas Pvt. Initially, the Jaypee Group started as civil engineering contractors. » Shop local, ethical and at the best price on Ethishop . He had entered into business in 1958 starting as a civil contractor, and since then, he has built up the multi products Jaypee Group. 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. Now, Adani Infrastructure and Developers Pvt Ltd has submitted an "unsolicited" and "non-binding" resolution plan to Jaypee Infratech's Interim Resolution Professional (IRP) Anuj Jain, sources said. Acquired Sangam Power Generation Company Ltd. HEL has developed Zirakpur-Parwanoo Expressway in the States of Punjab, Haryana and Himachal Pradesh in April, 2012. [8][9], Due to debt, Jaiprakash Associates has not paid back its fixed deposit holders on time. Jaypee Group, is an Indian conglomerate company based in Noida, India. Consequently, its name was also change to YAMUNA EXPRESSWAY TOLLING LIMITED so as to reflect the true nature of its business w.e.f. Jaypee India Customer Care Number +91-120-4609000, +91-120-2470800 Jaypee India Customer Support Email jaypee@jalindia.co.in: It was founded in 1979. It owes the bank around US$185m. Interim Monitoring Committee of Jaypee Infratech Limited . However, the group later expressed interest to bid for Jaypee Infratech, the subsidiary of Jaypee group's flagship firm Jaiprakash Associates. JAICO was acquired by Jaypee Cement Corporation Limited, a wholly owned subsidiary of JAL to diversify into agri business. The merger will bring the group’s all cement companies under one roof … Crisis-hit Jaypee group firm Jaypee Infratech went into insolvency in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the firm. 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). Jaypee Infratech, a subsidiary of Jaiprakash Associates, has an outstanding debt of nearly Rs 9,800 crore. www.jppowerventures.com. Of this, the company expects to shave off ₹ 24,441 crore through asset sales by September. long 400 kV Quad Bundle Conductor Double Circuit Transmission Line for evacuation of Power from the pothead yard of 1091 MW Karcham Wangtoo Plant in the State of Himachal Pradesh to Abdullapur in the State of Haryana and LILO with the existing Baspa-Jhakri Double circuit line. The group has been forced to give up ownership of many of its subsidiaries in the last few years, to pare its outstanding debt. Jaypee is the engineering and construction company for India's Yamuna Expressway, which opened 9 August 2012. Contact Us [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. It is a wholly owned subsidiary of the JPVL and presently not carrying on any operations. Jaypee Infratech currently has about Rs 24,000 crore worth assets, including land parcels, Yamuna Expressway and … JIL is also developing five integrated townships over 25 million Sq. Jaypee’s debt, at the group-level, as of 31 March 2015, stood at ₹ 85,726 crore. JCHIL was incorporated on 5th November, 2012 as a wholly owned subsidiary of JAL to undertake the business of Hockey Sport. 2016 - Jaypee Greens Golf Course, Greater Noida, National Capital Region received the "Best Tourism Friendly Golf Course 2015-16" recognition for the third time. Subsidiary of Jaypee Group, PPGCL put on sale by lenders 22/12/2017 , by admin , in News/Views Prayagraj Power Generation Co. Ltd (PPGCL), a subsidiary of Jaiprakash Power Ventures Ltd have been put up for sale by the lenders. Jaypee Group has 437 competitors including GE (United States (USA)) , Alphabet Inc (United States (USA)) and 3M (United States (USA)) . 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. JIL, the group flagship, has an engineering and construction wing which mostly supports Jaypee projects. 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. JCCIL, a wholly owned subsidiary of JAL was incorporated on 20th October, 2012. The Jaypee Group successfully completed projects in 18 states of India and Bhutan. 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. JMVPL was incorporated on 31st March, 2010. 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. ... Subsidiaries: Click Here; Jaypee Main Contact Information. 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. 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]. He is the Chairman of the Jaiprakash Associates Limited. Jaypee has four thermal power plants totalling 5,120 MW under construction, and these are slated to go on stream by December 2014. HAL was incorporated on 23rd July, 2011 as a wholly-owned subsidiary of your Company (JAL), to undertake the civil aviation business. Transforming challenges into opportunities has been the hallmark of the Jaypee Group, ever since its inception five decades ago. YEIDA has already started the process of auctioning the property to recover its dues. In September 2015, JSW Energy acquired two hydropower Projects of Jaiprakash Associates in a deal worth ₹ 9,700 crore.[6]. 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). 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). Jaypee Group’s flagship is the holding company for subsidiaries with interests in engineering and construction, cement, power, real estate, hospitality and healthcare. 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. BPSL was originally incorporated as Himachal Karcham Power Company Limited on 14th March, 2014. 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. Its name has since been changed to Bina Power Supply Limited w.e.f. « Ethical » rating of Jaypee Group , group and subsidiaries Shareholders (1) Business & market; Subsidiaries; Locations & production The Objects Clause of the Company was amended to undertake new line of business of Real Estate Development and Management of Toll Rights. Jaypee is India's first largest cement producer and the largest private sector hydropower company with 1,700 MW in operation. 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. 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). The private bank alleges that the subsidiary of Jaypee Group has delayed the petition through adjournments of the process. [7] [8] JCHIL entered into the Franchisee Agreement with Hockey India League [HIL] for the Team “Jaypee Punjab Warriors”. 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. 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. 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. 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. Jaiprakash Associates sold six integrated cement plants and five grinding plants to UltraTech Cement for US$2.5bn in 2017. Found within Jaypee Group’s structure are varied fields of activity from hydroelectric production and cement production to hotel and hospitality activities. In November 2017 the Supreme Court of India barred the directors from selling their assets. www.jaypeepowergrid.com. The Jaypee infratech project started its wish town city project in Noida. The Jaypee Group successfully completed projects in 18 states of India and Bhutan. In addition, with 3200 MW projects (2700 MW Lower Siang & 500 MW Hirong ) coming up in Arunachal Pradesh and 720 MW (270 MW Umngot and 450 MW Kynshi Stage –II) in Meghalaya, the Group will have total Hydropower generation capacity of over 5600 MW by 2020. 1079.31 crores plus interest is still pending payment. Another captive power plant of 25 MW is under implementation at this plant. HAL has obtained initial NOC from Ministry of Aviation to operate Non-Scheduled Air Transport Services. In November 2017 the Supreme Court of India barred the directors from selling their assets. 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. Annual Report of Subsidiary. 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. 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. 05th April, 2017. [10] The National Company Law Tribunal has extended the deadline to 31 March 2017 to settle the same. 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