Jaypee Group

Jaiprakash Associates Limited is an Indian conglomerate and the flagship company of the Jaypee Group. It is headquartered in Noida, Uttar Pradesh, with interests in engineering, construction, power, real estate, hospitality, IT, sports and education (non-profit).[2] Facing claims of ₹57,185 crore from creditors, Allahabad bench of the National Company Law Tribunal admitted JAL for insolvency in 2024.[3] The insolvency proceeding is being administered by resolution professional Bhuvan Madan of Deloitte. The firm is in the process of being acquired by Adani Enterprises.[4]

Overview

Manoj Gaur is the elder son of Jaiprakash Gaur. He is the Chairman of Jaiprakash Associates Limited. Jaypee has cement production and private sector hydropower company with 1,700 MW in operation.[5]

History

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 Cement announced that it is set to acquire Jaiprakash Associates' 1.5 million tonne grinding unit at Panipat for 360 crore.[7] 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 ₹ 9,700 crore.[8]

2017 - UltraTech Cement completed the ₹16,189 crore acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.[9]

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.[10][11]

2022 - Dalmia Bharat signed a binding agreement to acquire Jaiprakash Associates’ cement, clinker and power plants at an enterprise value of ₹ 5,666 crore.[12][13]

July 2025 - Vedanta acquires Jaiparkash Associates in inr 170000000000 bid.[14]

19 November 2025 -[15] The Adani Group received an approval for its bid to acquire the debt-laden Jaiprakash Associates under a inr 145350000000 resolution plan from the Committee of Creditors of Jaiprakash Associates. The group secured a majority votes from the lenders. This plan offered a higher upfront payment than competing bids.[16] The firm received a Letter of Intent (LoI) from the "Resolution Professional" (RP) at 3:05 p.m.[15]

17 March 2026 - According to Adani Enterprises, a part of the Adani Group, the National Company Law Tribunal (NCLT) has approved the their resolution plan. However, according to Jaiprakash Associates, since the liquidation value of the Successful Resolution Applicant is insufficient to even satisfy the claims of secured creditors in full, NIL consideration is being offered to the shareholders of the Corporate Debtor as part of the delisting process under the Approved Resolution Plan, and the exit price for the existing shareholders is therefore NIL.[15]

22 March 2026 - Vedanta Group moved NCLAT against approval of Adani's resolution plan which secured 89% votes from the lenders of Jaiprakash Associates. The case will be heard of on 23 Match in front of a two member bend, including Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra.[17]

24 Match 2026 - Vedanta lost the case as the NCLAT bench refused to provide any interim relief at this stage.[18]

type	Public
founder	Jaiprakash Gaur
foundation	1958‡R1R‡
location	Noida, Uttar Pradesh, India
industry	Conglomerate
products	Engineering Construction Power Fertilizer Hospitality Healthcare Expressways Information Technology
num employees	8000 (2025)
revenue	inr 66128800000 (2021)
website	www.jalindia.com

Overview

History

Controversies

External links

References