Jaiprakash Associates plans to sell its wind power plants

30 Sep 2015

In a bid to reduce its debts, Jaiprakash Associates is planning to sell its wind power plants of 49 MW (40.25 MW in Maharashtra and 8.75 MW in Gujarat) aggregate capacity. In this regard, the company’s board will meet on September 30, 2015.

Recently, CARE cut the ratings of the company’s bank loans and bonds to default status following delay in payment of interest and weak liquidity position.

Jaypee Group is the country’s third largest cement maker. Swiss major Holcim owns majority stake in both ACC and Ambuja Cement with a combined capacity of around 52 mtpa in India.

Related Jaiprakash Associates Ltd. Links:

JP Associate Share Price

8.93 0.42 (4.94%) Mar 01, 18:43
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 6362.45
ACC 1775.25
Shree Cement 27691.70
Ambuja Cement 277.85
Dalmia Bharat 1468.60
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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