Jaypee Group

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Manoj Gaur is the elder son of Jaiprakash Gaur. He is the Chairman of the Jaiprakash Associates Limited. Jaypee has cement production and private sector hydropower company with 1,700 MW in operation.{{Cite news |date=2014-10-13 |title=Lenders review Jaypee Group's debt |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/lenders-review-jaypee-groups-debt/articleshow/44806022.cms?from=mdr |access-date=2024-03-14 |work=The Economic Times |issn=0013-0389}} 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.{{Cite news |last=Sharma |first=Ravi Teja |date=2012-08-09 |title=Yamuna Expressway opening is Jaypee's free ride to Lucknow |url=https://economictimes.indiatimes.com/wealth/personal-finance-news/yamuna-expressway-opening-is-jaypees-free-ride-to-lucknow/articleshow/15420788.cms?from=mdr |access-date=2024-03-14 |work=The Economic Times |issn=0013-0389}}

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 two thermal power plants (Bina Thermal Power plant – 500 MW and Nigrie Thermal Power Plant – 2X660 MW).

Jaiprakash Gaur founded the conglomerate in 1979. 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, starting as a civil contractor in 1958.

• 2014 - 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.{{cite news |date=26 August 2014 |title=Shree Cement-JP Associates' Rs. 360 Cr Deal |publisher=Bloomberg TV India |url=http://www.btvin.com/videos/watch/8539/shree-cement-jp-associates%E2%80%99-rs.-360-cr-deal|archive-url=https://web.archive.org/web/20140826161148/http://www.btvin.com/videos/watch/8539/shree-cement-jp-associates%E2%80%99-rs.-360-cr-deal|url-status=usurped|archive-date=26 August 2014}} The Jaypee group has been selling most of its cement assets to reduce its debt.
• 2015 - In September 2015, JSW Energy acquired two hydropower Projects of Jaiprakash Associates in a deal worth {{INR}} 9,700 crore.{{cite news |date=28 July 2014 |title=Reliance Power shares up on Jaiprakash hydro-power Deal |publisher=news.biharprabha.com |agency=Indo-Asian News Service |url=http://news.biharprabha.com/2014/07/reliance-power-shares-up-on-jaiprakash-hydro-power-deal/ |access-date=28 July 2014}}
• 2017 - UltraTech Cement completed the Rs 16,189 crore acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.{{Cite news |title=UltraTech completes acquisition of Jaiprakash group cement business |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ultratech-completes-acquisition-of-jaiprakash-group-cement-business/articleshow/59372842.cms |access-date=2022-10-11}}
• 2019 - Commissioning of 720 MW Hydro project (having 114 M high concrete dam and underground powerhouse having 4x180 MW generators) for Mangdechhu Hydro Electric Power Project Authority in Bhutan.{{Cite web |title=Mangdechhu Hydroelectric Project, Bhutan |url=https://www.power-technology.com/projects/mangdechhu-hydroelectric-project-trongsa-dzongkhag/ |access-date=2022-10-11 |website=Power Technology |language=en-US}}{{Cite web |title=History |url=http://jalindia.com/history.html |access-date=2022-10-11 |website=jalindia.com}}
• 2022 - Dalmia Bharat signed a binding agreement to acquire Jaiprakash Associates’ cement, clinker and power plants at an enterprise value of Rs 5,666 crore.{{Cite news |last=Sreedhar |first=Vidya |date=2022-12-12 |title=Dalmia Bharat to acquire Jaypee Group's cement assets for Rs 5,666 crore |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/companies/dalmia-bharat-to-acquire-jaypee-groups-cement-assets-for-rs-5600-crore/articleshow/96171183.cms?from=mdr |access-date=2023-02-25 |issn=0013-0389}}{{Cite web |title=Dalmia inks Rs 5,666-crore deal for Jaypee assets; To buy cement, clinker power units |url=https://www.financialexpress.com/industry/dalmia-inks-rs-5666-crore-deal-for-jaypee-assets-to-buy-cement-clinker-power-units/2910706/ |access-date=2023-02-25 |website=Financialexpress |date=13 December 2022 |language=en}}

• In November 2017, the Supreme Court of India barred the directors from selling their personal assets.{{Cite web |last=www.ETRealty.com |title=SC bars Jaypee promoters, directors from selling personal assets - ET RealEstate |url=https://realty.economictimes.indiatimes.com/news/regulatory/sc-bars-jaypee-promoters-directors-from-selling-personal-assets/61751016 |access-date=2022-10-11 |website=ETRealty.com |language=en}}
• Due to debt, Jaiprakash Associates did not pay back its fixed deposit holders on time.{{cite web|title=Letter to fixed deposit holders|url=http://www.jalindia.com/FD/thank-you-depositors-01-07-2016.pdf|publisher=Jalindia.com|access-date=20 February 2017}} The National Company Law Tribunal had extended the deadline to 31 March 2017 to settle the same.{{cite web|title=NCLT order|url=https://www.dailytechtuts.com/wp-content/uploads/nclt-order.pdf|access-date=20 February 2017}}{{Cite web|title=SFIO to probe Jaiprakash Associates, Jaypee Infratech for financial irregularities|url=https://www.newindianexpress.com/business/2020/may/27/sfio-to-probe-jaiprakash-associates-jaypee-infratech-for-financial-irregularities-2148654.html|access-date=2020-10-27|website=The New Indian Express|date=27 May 2020 }}
• As of 2022, the company had attracted the notice of several US-based mutual funds and ETFs, who reported owning significant positions in the company. Investors in the company include Dimensional Fund Advisors and WisdomTree.{{Cite web|title=Jaiprakash Power Ventures Institutional Ownership|url=https://fintel.io/so/in/jppower|access-date=2022-02-23|website=Fintel}}

{{Reflist}}

• {{Official website}}

{{Jaypee Group}}

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Category:Companies based in Noida

Category:Companies listed on the Bombay Stock Exchange

Category:Companies listed on the National Stock Exchange of India

Category:Indian brands

Category:Indian companies established in 1979

Category:Conglomerate companies established in 1979

Category:1979 establishments in Uttar Pradesh