Page 4 - Jaiprakash Associates

Sensex, Nifty end flat ahead of inflation data; HDFC duo, RIL lend support

CLOSING BELL: The benchmark indices sought support from financial and metal stocks with their respective indices climbing 0.2 per cent & 0.4 per cent. On the downside, the IT index fell 0.4 per cent.

Jaiprakash Associates board meet to sell cement units on Monday

Dalmia Cement is a front runner to acquire the company apart from the Adani group and Aditya Birla group were also in the fray

Ultratech drops out of race to buy Jaiprakash Associates' cement assets

Lack of agreement over valuation spurs decision; deal would have provided relief to Indian lenders, which have an exposure of Rs 28,753 crore to Jaiprakash

Adani Enterprises says not evaluating plans to buy Jaiprakash cement unit

Indian billionaire Gautam Adani-led Adani Enterprises Ltd on Friday said it was not evaluating a proposal to acquire Jaiprakash Associates Ltd's cement business.

Sale of cement units to Adani group a relief for Jaiprakash lenders

Lenders said they are still awaiting the resolution of a debt worth Rs 21,658 crore with Jaypee Infratech -- the real estate arm of the group

JP Associates up 13% on nod to divest cement biz; zooms 72% from June low

To give thrust to the ongoing efforts of the Company to reduce its debt, the board of directors has decided to divest Company's significant Cement business

Jaiprakash Associates posts 86.2% drop in net profit to Rs 424.41 crore

Jaiprakash Associates Ltd (JAL) on Monday reported a decline of 86.2 per cent in its consolidated net profit to Rs 424.41 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 3,068.10 crore in the January-March quarter a year ago, JAL said in a BSE filing. However, its revenue from operations was up 34.18 per cent at Rs 2,517.20 crore during the quarter under review as against Rs 1,876.03 crore in the corresponding period last fiscal, the company said. Its total expenses were at Rs 2,212.43 crore, down 4.76 per cent in Q4/FY 2020-21 as against Rs 2,322.95 crore a year ago. For the fiscal year, which ended on March 31, 2021, JAL reported a consolidated net loss of Rs 667.31 crore. It had a net profit of Rs 560.76 crore in the previous year. Its revenue from operations was at Rs 6,405.66 crore in FY 2020-21, down 8.95 per cent. It was Rs 7,035.49 crore in FY 2019-20. Shares of Jaiprakash Associates Ltd on Monday settled at Rs 14.76 apiece, up

Jaiprakash Associates MD Sunny Gaur resigns citing personal reasons

The board of directors has accepted the resignation tendered by Gaur citing personal reasons, said Jaiprakash Associates in a regulatory update

Govt orders probe against Jaiprakash Associates, Jaypee Infratech

The Jaypee group has already sold many cement and power plants to reduce its debt

Rs 750 cr paid by JAL was towards obligation of Jaypee Infratech: NCLT

The NCLT Delhi bench on Tuesday approved the bid of state-owned NBCC to acquire debt-laden JIL through an insolvency process and complete around 20,000 pending flats over the next three and half years

JP Associates reports consolidated net loss of Rs 874 crore for Dec quarter

Its net loss stood at Rs 400.72 crore in the year-ago period

JSW group plans to tie up with Suraksha Realty for Jaypee real estate

JSW Infra will also provide technical expertise in building and operating infrastructure assets

NBCC sweetens bid to buy Jaypee Infra; offers more land, flats to lenders

Jaypee Infratech owed nearly Rs 10,000 crore to bankers

Jaypee Infratech lenders to meet on Nov 18, comply with SC direction

Jaypee group firm Jaypee Infratech went into insolvency in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the firm

Crisis-hit Jaiprakash Associates to appeal against CCI penalty order

The company is in the process of filing an appeal against the order

Jaiprakash Associates fined Rs 14 cr for 'undesirable industry practices'

Under the Competition Act, complaints filed under a certain section cannot be withdrawn

NCLAT quashes NCLT order directing return of land to Jaypee Infratech

Jaiprakash Associates was ordered to return 858 acres to Jaypee Infratech

Jaiprakash Associates re-appoints Manoj Gaur as Exec Chairman, CEO

The Board has also approved re-appointment of Sunil Kumar Sharma as Executive Vice-Chairman for 3 years with effect from March 18, 2019

Debt-ridden Jaiprakash Associates posts Rs 2.85 bn loss for Q1 FY19

Total income also declined to Rs 17 bn during April-June period of 2018-19 fiscal from Rs 26.02 billion in the corresponding period of the previous year

Will deposit Rs 6 bn more if allowed to dispose assets: JP Associates to SC

Prior to this, it had directed JAL to deposit 10 billion, in addition to Rs 7.5 billion already deposited