Jaiprakash Associates Limited, commonly known as Jaypee Group, is an Indian conglomerate headquartered in

Noida Noida (), short for New Okhla Industrial Development Authority (ISO: ), is a city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. As per provisional reports of Census of India, the population of Noida in 2011 was ...

, Uttar Pradesh, with interests in engineering, construction, power, real estate, hospitality, IT, sports and education (non-profit).

Overview

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 Hydropower (from Ancient Greek -, "water"), also known as water power or water energy, is the use of falling or fast-running water to Electricity generation, produce electricity or to power machines. This is achieved by energy transformation, ...

company with 1,700 MW in operation. The Jaypee Group successfully completed projects in 18 states of India and

Bhutan Bhutan, officially the Kingdom of Bhutan, is a landlocked country in South Asia, in the Eastern Himalayas between China to the north and northwest and India to the south and southeast. With a population of over 727,145 and a territory of , ...

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

History

Jaiprakash Gaur founded the conglomerate in 1979. After acquiring a Diploma in

Civil Engineering Civil engineering is a regulation and licensure in engineering, professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including public works such as roads ...

in 1950 from the now called Indian Institute of Technology Roorkee (IITR) in

Roorkee Roorkee (Rūṛkī; ) is a city and Municipal Corporations in India, municipal corporation in the Haridwar district of the state of Uttarakhand, India. It is from Haridwar, the district headquarters. It is spread over a flat terrain under the ...

Uttarakhand Uttarakhand (, ), also known as Uttaranchal ( ; List of renamed places in India, the official name until 2007), is a States and union territories of India, state in North India, northern India. The state is bordered by Himachal Pradesh to the n ...

, he had a stint with the

Government of Uttar Pradesh The Government of Uttar Pradesh (International Organization for Standardization, ISO: ''Uttara Pradēśa Sarakāra''; often abbreviated as GoUP) is the subnational government of the Indian state of Uttar Pradesh with the governor as its appoin ...

. Later he became an

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

, 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 Panipat () is an industrial , located 95 km north of Delhi and 169 km south of Chandigarh on NH-44 in Panipat district, Haryana, India. It is famous for three major battles fought in 1526, 1556 and 1761. The city is also known as ...

for 360 crore. The Jaypee group has been selling most of its cement assets to reduce its debt. * 2015 - In September 2015,

JSW Energy JSW Energy Limited is an Indian Electricity infrastructure, power company engaged in power Electricity generation, generation, Electric power transmission, transmission and Electric power industry, trading. It is part of JSW Group. Operations ...

acquired two hydropower Projects of Jaiprakash Associates in a deal worth 9,700 crore. *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. *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. *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.

Controversies

* In November 2017, the Supreme Court of India barred the directors from selling their personal assets. * Due to debt, Jaiprakash Associates did not pay back its fixed deposit holders on time. The National Company Law Tribunal had extended the deadline to 31 March 2017 to settle the same. * 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 Dimensional Fund Advisors, L.P. (branded Dimensional abbreviated DFA) is a privately-owned investment firm headquartered in Austin, Texas. Dimensional was founded in Brooklyn in 1981 by David Booth, Rex Sinquefield and Larry Klotz. The company h ...

and WisdomTree.

References

External links

* {{Authority control Companies based in Noida Companies listed on the Bombay Stock Exchange Companies listed on the National Stock Exchange of India Indian brands Indian companies established in 1979 Conglomerate companies established in 1979 1979 establishments in Uttar Pradesh