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

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

, Uttar Pradesh, India. It has business interests in engineering, construction, power, cement, real estate, hospitality, IT, sports and education (not-for-profit).

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 Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to produce electricity or to power machines. This is achieved by converting the gravitational potential or kinetic energy of a w ...

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

Bhutan Bhutan (; dz, འབྲུག་ཡུལ་, Druk Yul ), officially the Kingdom of Bhutan,), is a landlocked country in South Asia. It is situated in the Eastern Himalayas, between China in the north and India in the south. A mountainou ...

. Jaypee is the engineering and construction company for India's

Yamuna Expressway Yamuna Expressway is a 6- lane wide (expandable to 8) and 165.5 km long access-controlled expressway in the Indian state of Uttar Pradesh. It is presently India's 3rd longest expressway since February 2017. It was built to de-congest the old ...

, 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 A capital region, also called a capital district or capital territory, is a region or district surrounding a capital city. It is not always the official term for the region, but may sometimes be used as an informal synonym. Capital regions can exis ...

, 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 Jaiprakash Gaur (born 1930) is an Indian entrepreneur. He founded and, until his retirement in 2010, was the chairman of Jaypee Group, a conglomerate with a heavy emphasis on engineering and construction (particularly for infrastructure and pow ...

is the founder and was chairman of Jaiprakash Associates Limited. After acquiring a Diploma in

Civil Engineering Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including public works such as roads, bridges, canals, dams, airports, sewa ...

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 The Government of Uttar Pradesh (ISO: Uttar Pradesh Sarkār; often abbreviated as GoUP) is the subnational government of the Indian state of Uttar Pradesh with the governor as its appointed constitutional head of the state by the President of I ...

. Later he became an

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...

, started 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. 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 power company engaged in power generation, transmission and trading. It is part of JSW Group. In 2015, JSW Energy acquired two of Jaypee Group's hydropower plants, with a combined capacity of 1,391 MW, for 9,700 ...

acquired two hydropower Projects of Jaiprakash Associates in a deal worth 9,700 crore. *2017 -

UltraTech Cement UltraTech Cement Limited is an Indian cement company based in Mumbai, and a part of Aditya Birla Group. UltraTech is the largest manufacturer of grey cement, ready-mix concrete Ready-mix concrete (RMC) is concrete that is manufactured i ...

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.

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 private investment firm headquartered in Austin, Texas. Dimensional was founded in Chicago in 1981 by David Booth, Rex Sinquefield and Larry Klotz. The company has affili ...

and WisdomTree.

References

External links

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